TaxTMI 
TaxTMI 
Industrial Park Scheme, 2002
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....rpose but excluding the areas used for providing common facilities; (c) "common facilities" includes the facilities of air conditioning, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power used by two or more industrial units in an industrial park; (d) "empowered committee" means a committee constituted under paragraph 7; (e) "form" means a form appended to this Scheme; (f) "infrastructure development" includes, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power, air conditioning and such other facilities as are for common use for industrial activity which are identifiable and are provided on commercial terms; (g) "paragraph" means paragraph of this Scheme; (h) "undertaking" means any undertaking which is engaged in the business of developing, developing and operating or maintaining and operating an industrial park notified by the Central Government in accordance with this scheme; (i) "unit" means any separate and distinct entity for the purpose of one or more state....
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....y a demand draft drawn in favour of Pay and Accounts Officer, Department of Industrial Development payable at State Bank of India, Nirman Bhawan Branch, New Delhi - 110011. (5) All applications made under sub-paragraph (1) and eligible for Automatic approval in accordance with paragraph 6 shall be disposed of within fifteen days of making of such application and the decision for such approval shall be communicated to the applicant immediately on disposal of such application. (6) In case any application is not found eligible for Automatic approval in accordance with paragraph 6, the decision regarding the same shall be immediately communicated to the applicant. 6. Criteria for automatic approval.- An undertaking which seeks approval under paragraph 5, shall fulfil the following conditions, namely:- (a) The minimum area required to be developed for an Industrial Model Town shall be 1000 acres: Provided that minimum area for specified industrial park referred to in clause (b) and (c) of paragraph 4 may vary depending upon their activities; (b) The project referred to in clauses (a), (b) and (c) of paragraph 4 shall have provision for the location of minimum number....
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....more than fifty per cent. of the allocable industrial area of an industrial model town or industrial park or Growth Centre; (g) Every undertaking being an industrial park shall obtain approval for Foreign Direct Investment or non resident Indian investment from the Foreign Investment Promotion Board or Reserve Bank of India, or any authority specified under any law for the time being in force, as the case may be. 7 Non Automatic Approval.- (1) All applications not eligible for Automatic approval under paragraph 6 shall require the approval of the Empowered Committee, constituted by the Central Government and all such applications shall be placed before the Empowered Committee within fifteen days of receipt of applications. (2) The Empowered Committee shall consist of the following, namely:- (a) Secretary, Department of Industrial Policy and Promotion, Government of India Chairman; (b) Chairman, Central Board of Direct Taxes, Government of India, or his representative Member; (c) Secretary, Department of Urban Development, Government of India, or his representative Member; (d) A representative of the State Government to which the project rel....
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....ed only after the number of units indicated in the application, are located in the Industrial Park. (3) The undertaking applying for approval shall undertake to continue to operate the Industrial Model Town or Industrial Park or Growth Centre during the period in which the benefits under the Act are to be availed. (4) In a case where an undertaking develops an industrial park on or after the 1^st day April, 1999 and transfers the operation and maintenance of such industrial park (i.e., transferor undertaking) to another undertaking (i.e, the transferee undertaking), the transferor and transferee shall jointly intimate to the Entrepreneurial Assistance Unit of the Secretariat for Industrial Assistance, Department of Industrial Policy and Promotion, Udyog Bhawan, New Delhi-11 along with a copy of the agreement executed between the transferor and transferee undertaking for the aforesaid transfer. Secretariat for Industrial Assistance shall on receipt of each such intimation issue a communication to the applicants of having taken the intimation on record. (5) Every undertaking, which has been granted approval shall continue to furnish to the Central Government on 1st Jan....
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....q.Mtrs. specify) Proposed activities (please specify item codes as defined under National Industrial Classification of all Economic Activity, (NIC), 1987) Proposed percentage of allocable area earmarked for industrial use VI. Proposed percentage of allocable area earmarked for commercial use VII. Proposed number of industrial units VIII. (a) Total investment proposed (Amount in Rupees) (b) Proposed investment on built up space for Industrial use (if applicable) (Amount in Rupees) (c) Proposed Investment on Infrastructure Development (including b) (Amount in Rupees) (d) Percentage of (c) to (a) 11 IX. X. Total foreign equity proposed (Amount in Rupees) *Expected/Actual Date of commencement of Industrial Model Town/Industrial Park/Growth Centre *(The 'Expected/Actual date of commencement of Industrial Model Town/Industrial Park/Growth Centre' denotes the date when all the infrastructural facilities for the proposed number of industrial units have been provided. If the Park is proposed to be developed in Phases, the detailed information on the same may be also suitably mentioned alongwit....
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....strial use shall not be less than 66% of the total allocable area. The allocable area will mean (a) (b) in the case of an industrial park referred to in sub-paragraph (b) of paragraph 4 and making available built up space, the net floor area available for allocation which excludes the built up space used for providing common facilities; in any other case, the net area available for allocation for industrial, commercial or residential purpose which excludes the areas used for providing common facilities; Industrial use shall include any activity defined in the National Industrial Classification 1987 Code except the following:- iv) Section 0 Section 8 excluding Group 892, 893, 894, 895 v) Section 1 Section 9 Section 5 Section X Section XI Division 75 Section 7 excluding The percentage of land, to be earmarked for commercial use shall not exceed more than 10% of the allocable area. vi) In case of an Industrial Model Town and Industrial Park, the minimum investment on infrastructure development shall not be less than 50% of total project cost. In case of a project of Industrial Park, which provide....