Assam Industries (Tax Reimbursement for Eligible Units) (Amendment) Scheme, 2019

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....its) (Amendment) Scheme, 2019. (2) Save as otherwise provided in this Scheme, it shall come into force with effect from the date of publication of this notification in the Official Gazette. 2. Amendment in the preamble. - In the principal scheme, with effect from the 1st July, 2017, in the sixth paragraph, in between the words "shall cease to operate" and the words "on and from the date", the punctuation mark "," and words, punctuation mark and special character "along with the exemption granted vide Government Notification No. FTX.143/2009/45 dated 23rd March, 2015" shall be inserted. 3. Amendment of para 2. - In the principal scheme, with effect from the 1st July, 2017, in clause (i) of sub-para (a) - (....

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....The exemption granted vide Government Notification No. FTX.143/2009/45 dated 23rd March, 2015." 5. Amendment of para 4. - In the principal scheme, with effect from the 1st July, 2017, in sub-para (1), - (a) after clause (ii), the following new clause shall be inserted, namely :- "(ii) (A) For existing hotels eligible under the industrial and Investment Policy of Assam, 2014 :- Where an existing eligible hotel unit is holder or will be holder of Certificate of Entitlement in due course as per the terms of Government Notification No. FTX.143/2009/45 dated 23rd March, 2015 framed pursuant to the Industrial and Investment Policy of Assam, 2014 or an existing mega unit to which the customised tax incentives have been g....

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....oned period of 10 (ten) years." (b) in sub-clause (h) of clause (iii), in between the words and bracket "in case of" and the words and special character "hotels/resorts" the words "new units of" shall be inserted. Further, for the punctuation mark ".", the punctuation mark ":" shall be substituted and thereafter the following new proviso shall be inserted, namely: - "Provided that for all eligible hotels under the Industrial and Investment Policy of Assam, 2014 whose exemption is granted vide Government Notification No. FTX.143/2009/45 dated 23rd March, 2015 and who have commenced commercial operation in between 1st March, 2014 and 30th June, 2017, the Fixed Capital Investment means and includes investment in plant and mac....

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.... punctuation mark ".", the punctuation mark ":" shall be substituted and thereafter the following new proviso shall be inserted, namely: - "Provided further that the Tax Reimbursement Committee or State Level Tax Reimbursement Committee as the case may be, may exonerate any further delay, if the Committee considers necessary so to do, on application by the concerned eligible unit." (8) Amendment of para 12. - In the principal scheme, - (a) with effect from 1st July, 2017, in clause (b) of sub-para (1), for the word and bracket "(during VAT period)", the word and bracket "(upto 30/06/2017)" shall be substituted. (b) in sub-para (4), for the word "month", the word "quarter" shall be substituted. (9....