Amendment in Notification No.10(3)/2007-DBA-II/NER dated the 27th July, 2007 titled ‘Central Comprehensive Insurance Scheme, 2007’.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eme, all units falling under Service Sectors, Bio-technology and Power Generation Industries mentioned in para 3 I, II and III will be treated as 'industrial units'. Since these units are not engaged in any manufacturing activity, the date of their being operational/functional will be treated as the date of commencement of commercial production for the purpose of their eligibility for benefits/incentives under this Scheme. (f) For the purpose of this Scheme in respect of Service Sector, Bio-technology Industry and Power Generating Industries referred to in para 3 I, II and III, the 'components'/ 'items' as indicated below against each sector will be taken into account for determining the eligible amount of subsidy, if any, under this Sch....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pliances/equipments which are directly related to the service rendered including class room equipments, machine room equipments, laboratory equipments and essential furniture and fixtures but excluding disposable items/components, will be taken in account. II. BIOTECHNOLOGY INDUSTRY: Equipment, accessories, spares essential for carrying out biotechnical process (s) at laboratory, pilot or commercial scale and the civil infrastructure necessary to adequately have the same shall collectively be defined as "Plant & Machinery" (except the cost of land). It, however, does not include the solvents, chemicals, reagents and other consumables, required for biotechnology process (s). III. POWER GENERATING INDUSTRIES: In calculating the va....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ransactions in respect of the cost of the project must be through cheque/demand draft. (2) All expenses/cost of the project submitted by the unit must be certified by a registered Chartered Accountant. (3) The building plan and the cost of construction of building must be certified by a registered Architect. (4) The cost of construction of the building should be relatable to the CPWD rates/norms as prescribed from time to time. (5) The building should not be in violation of the prescribed norms/guidelines by the concerned authority. (6) If the structure of a particular unit is carved out of a building already existing, only that structure will be taken into account for the purpose of determining the quantum of subsidy. In suc....