No. PIU/IBDP-2017/Amendments/2020/777
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Government of Punjab Department of Industries and Commerce (Policy implementation Unit) Corrigendum Dated: 2Q-0%- 2020 No. PIU/IBDP-2017/Amendments/2020/ 2 | With reference to Notification no. PIU / IBDP- 2017/ Amendments/ 2018/ 4888 dated 17-10-2018, the Governor of Punjab is pleased to substitute the Clause B of the aforesaid notification as under:- B). if the amount calculated as above is less than 2.5% of the FCI in any particular year the unit will be entitled to get such difference as the additional amount of incentive subject to the fact that it has been able to achieve sales of three times of the FCI. For example if the GST incentive for a unit with FCI worth Rs 100 cr and sales of Rs 310 cr in a FY comes to Rs 1 crore in a FY, the unit shall be able to get an additional amount of Rs 1.5 cr as incentive. The unit operating for a part of the year in the year of commencement of business or in the terminal year of the incentive period will get the amount on pro rata basis with the requirement of sales being three times of FCI also applying on a pro rata basis. Provided, for anchor units engaged in manufacturing of Food Products (Division 10 of National Industrial Classification 2008 in terms of Clause 3.1.1 of Detailed Schemes & Operational Guidelines-2018) except paddy/rice processing units, the aforesaid incentive shall be available if it has been able to achieve sales (including Inter-state Supply on which GST has "been paid) of one time of the FCI for the units having a FCI of upto 200 Crore and of 0.5 time of the FCI for the units having a FCI of more than Rs. 200 Crore subject to minimum turnover of Rs. 200 Crores. For example; (i) if the GST incentive for a anchor unit engaged in manufacturing of Food Products (Division 10 of National Industrial Classification 2008 in terms of Clause 3.1.1 of Detailed Schemes & Operational Guidelines-2018) except for Paddy / Rice processing unit with FC| worth Rs. 200 crore and sales of Rs. 210 crore in a FY comes to Rs. 2 crore in a FY, the unit shall be able to get an additional amount of Rs. 3 crore as incentive. (ii) if the GST incentive for a anchor unit engaged in manufacturing of Food Products (Division 10 of National Industrial Classification 2008 in terms of Clause 3.1.1 of Detailed Schemes & Operational Guidelines-2018) except for Paddy / Rice processing unit with FCI worth Rs. 300 crore and sales of Rs. 150 crore (0.5 times of Rs.300 crore but less than minimum turnover of Rs.200 crore) in a FY comes to Rs. 3 crore then the unit will not be able to get any additional incentive of Rs. 4.5 crore as incentive, however if the GST incentive for a unit with FC! worth Rs. 300 crore and sales of Rs. 200 crore in a FY comes to Rs. 3 crore then unit will get additional amount of Rs. 4.5 crore as incentive. Vini Mahajan, IAS Dated: 19.03.2020 Additional Chief Secretary to Govt of Punjab Department of Industries and Commerce, Punjab No. PIU/IBDP-2017/Amendments/2020/ \\R- 119 Dated: 20-02-2020 A copy of the above is forwarded to the following for inforfation please. (i) The Chief Principal Secretary to Chief Minister, Punjab (ii) The Chief Secretary, Punjab Special Secretary to Government of Punjab Department of Industries and Commerce No. PIU/IBDP-2017/Amendments/2020/ “120 -\QY Dated: 20-02-2020 A copy of the above is forwarded to the following for information please. (i) All the Specidl Chief Secretaries/Additional Chief Secretaries/Financial Commissioners/Principal Secretaries/ Administrative Secretaries, Punjab (ii) Chief Executive Officer, Punjab Bureau of Investment Promotion. (iii) The Director of industries & Commerce, Punjab (iv) Additional Director, Incentive (v) All General Managers, District industries Centre in the State of Punjab Special Tl of Punjab Department of Industries and Commerce No. PIU/IBDP-2017/Amendments/2020/ T1QS Dated: 20-02: 2000 A copy is forwarded to the following for uploading the same on the website of Printing & Stationery Department, Punjab for publishing the same in the extra ordinary gazette. (i) The Nodal Officer (e-gazette-printing & stationery) o/o Department of Industries & Commerce, Punjab Special Secretary to Government of Punjab Department of Industries and Commerce