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ABSTRACT Industries - Sales Tax based incentives to Industries by way of Deferral and Waiver Schemes - Phasing out the deferral and waiver schemes - Orders - Issued. INDUSTRIES (MIG.II) DEPARTMENT G.O.Ms.No.127 Read 1. G.O.Ms.No.500, Industries (MIG.2) Department, dated 14.5.90. 2. G.O.Ms.No.148, Industries (MIG.2) Department, dated 01.4.91. 3. G.O.Ms.No.43, Industries (MIG.2) Department, dt.13.2.92. 4. G.O.Ms.No.1, Industries (MIG.2) Department, dated 2.1.96. 5. G.O.Ms.No.41, Industries (MIG.2) Department, dt.18.8.96.
Read also:
6. G.O.Ms.No.12, Commercial Taxes Department, dt.23.1.2000. 7. G.O.Ms.No.26, Commercial Taxes Department, dt.07.2.2000.
ORDER In the Government Order first to fifth read above, orders were issued for Sales Tax based incentives to Industries by way of interest free sales tax deferral/waiver schemes for small, medium and large industries and for Super Mega Projects. 2. The Conference of Chief Ministers/Finance Ministers of States in its meeting held on 16.11.99 had decided to phase out sales tax incentives schemes. Based on this decision the states have been issuing orders withdrawing the Sales Tax incentives scheme hitherto in force. Government of Tamil Nadu has also issued G.O.Ms.No.12, Commercial Taxes Department, dated 23.1.2000 withdrawing all sales tax incentives from 23.1.2000. The following exceptions have been made in the above Government Order and in G.O.cited 7th as far as sales tax incentives are concerned: i) The existing commitments made in respect of industries which have already come in, will be continued for the period of their eligibility; and ii) New industries in the pipe line will be entitled for incentive if such units fulfil the following conditions:- a) The unit should be registered with an industrial agency of the State /Central Government; b) Land should have been allotted or purchased for the factory; c) The industry should have applied for finances from a regular financial institution; and d) The industry should start production within 2 years from the date of this Government Order. iii) Existing industrial units undertaking expansion/diversification will be eligible for Sales Tax incentives provided they acquire necessary plant and machinery and equipment on or before 23.1.2000 and commence commercial production under such expansion/diversification on or before 22.1.2001. 3. In the circumstances stated above, the orders issued in G.O.Ms.No.12, Commercial Taxes Department, dated 23.1.2000 and G.O.Ms.No.26, Commercial Taxes Department, dated 7.2.2000 are applicable to the Sales Tax based incentives issued in the Government Orders first to fifth read above. And all Sales Tax incentives provided in the Government Orders first to fifth read above stand withdrawn except for the cases mentioned para 2(i) 2(ii) and para 2(iii) above. 4. The Managing Director, State Industries Promotion Corporation of Tamil Nadu, Managing Director, Tamil Nadu Industrial Investment Corporation Limited and Industries Commissioner and Director of Industries and Commerce are requested to take action as per the orders issued in the Government Orders sixth and seventh read above while sanctioning the sales tax based incentives issued in the Government Orders first to fifth read above. 5. This order issues with concurrence of Commercial Taxes Department and Finance Department vide its U.O.No.3751/F1/2000-1, dated 1.3.2000 and U.O.No.18229/Finance (Ind)/2000, dated 14.3.2000 respectively. (By order of the Governor)
M.S.SRINIVASAN, To The Managing Director, SIPCOT., Chennai-8. The Managing Director, TIIC., Chennai-35. The Industries Commissioner. & Director of Industries and Commerce, Chennai-5. The Prl.Commissioner & Commnr.of Commercial Taxes, Chennai-5. All District Collectors. All Small Scale Industries Association through Inds.Commnr.& Director of Industries and Commerce, Chennai-5. The Director, National Institute of Public Finance and Policy (NIPFP), 18/2 Satsingh Vihar Marg., Special Institutional Area (near JNK) New Delhi-110067. Copy to:- The Finance Department, Chennai-9. The Commercial Taxes Department, Chennai-9. The Sales Taxes Department, Chennai-9. The Industries (OP.2) Department, Chennai-9. Sf/Sc. /Forwarded/by order/ Section Officer. |
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