TaxTMI 
TaxTMI 
Industrial Park Scheme, 1999
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....ential purpose 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 used for common purpose of the units therein; (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 or central tax laws. 3. Period of operati....
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....ible 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) and (b) of paragraph 4 shall have provision for the location of minimum number of industrial units as follows:- Table Type of industrial park Minimum Number of units to be provided in the industrial model town/industrial park (1) (2) (i) Industrial Model Town referred to in clause(a) of paragraph 4. 50 units (ii) industrial park referred to in clause (b) of paragraph 4. 30 units; (c) The minimum percentage of the area to be allocated for industrial use shall not be less than sixty six percent of the total allocable area. Explanation .-....
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....mber Secretary: Provided that the Empowered Committee may co-opt other Secretaries to the Government of India and officials of financial institutions, banks and professional experts from Industry and Commerce as Co-opted members of the Committee and such co-opted members, however, shall not have any voting right. (3) The Empowered Committee shall consider each application on a case to case basis, subject to its complying with the statutory requirements as prescribed by the Ministry of Finance under the Income Tax Act, 1961, and other applicable statutory rules/obligations. The Committee will consider each case on its merit and grant approval subject to such other conditions as may be deemed fit by it. However, in all cases of rejection of proposals, the applicants shall be afforded an opportunity of being heard by the Committee and the orders shall be passed and communicated within twelve weeks. The Committee may also periodically review implementation of the approved proposals. (4) The Empowered Committee will hold meetings whenever necessary. All Industrial Model Town/Industrial Park proposals received shall be placed before the Committee within 15 days of receipt. Th....
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....e a communication to the applicants of having taken the intimation on record. (3) Every undertaking which has been granted approval shall furnish to the Central Government on 1st January and 1" July of every year a report in the form Number IPS-II. [F. No. 10(8)/97-ID (Vol. II)] ASHOK KUMAR, Jt. Secy. FORM IPS - 1 (See Paragraph 5 and 7) Application Form for setting up Industrial Model Town/Industrial Park 1. Type of Application (Please √ the appropriate Boxes) Automatic Non-Automatic a. For Industrial Model Town b. For Industrial Park 2. (For Office Use Only) Application No. Application Date 3. Payment Details Draft No. Amount (Rs) Draft Date Drawn on Payable at (Name of the Bank) [ à¤à¤¾à¤— II - खणà¥à¤¡ 3 (ii) ] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° असाधारण : 17 3.1 Name and Address of the Undertaking (Indian/Foreign) in Full (Block Letters): (a) Registered Address: Name of the Undertaking Postal Address Pin Code Tel. No. Fax No. Telex Cable E-....
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....y that no single unit shall occupy more than fifty per cent. of the allocable industrial area of an industrial model town or industrial park. 20 THE GAZETTE OF INDIA: EXTRAORDINARY [PART 11--SEC. 3(ii)] 1/ We hereby certify that the above statements are true and correct to the best of my / our knowledge and belief. Place: Date: List of Enclosures: 1. 5. 2. 6. 3. 7. 4. 8. (Signature of Applicant) (Name in Block Letters) (Designation of the Signatory) [ à¤à¤¾à¤— II - खणà¥à¤¡ 3 (ii) ] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° असाधारण General Instructions 21 (This part contains information for the guidance of entrepreneurs and may be retained by them; it need not accompany the application) 1. 2. 3. i) ii) All applications for Industrial Model Town / Industrial Park under the scheme notified by Ministry of Industry are to be submitted in Form IPS 1 to the Entrepreneurial Assistance Unit (EAU) of the Secretariat for Industrial Assistance (SIA), Department of Industrial Policy & Pro....
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.... expenditure on infrastructure development including cost of construction of industrial space shall not be less than 60% of the total project cost. vii) Infrastructure development means air conditioning, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom. network, generation and distribution of power and such other facilities as are for common use for industrial activity which are identifiable and are provided on commercial terms; [ à¤à¤¾à¤— II - खणà¥à¤¡ 3 (ii) ] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 23 viii) No single unit in any project shall occupy more than 50% of the allocable industrial area of an Industrial Model Town/Industrial Park. For this purpose a unit means a separate taxable entity. ix) Approval of the Foreign Investment Promotion Board/Reserve Bank of India for Foreign Direct Investment / Non Resident Indian investment, wherever necessary, shall be taken separately as per the policy and procedures in force. IPS-11 [See paragraph 9(3)] 1. ....