INDUSTRIAL PARK SCHEME, 2008 – AMENDMENTS IN FORM IPS-1
Notification No. 106/2008 [F.NO. 149/278/2006-TPL], Dated 28-11-2008
In exercise of the powers conferred by clause (iii) of sub section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments to the Industrial Park Scheme, 2008, namely :—
In the Industrial Park Scheme, 2008, in FORM IPS – I,—
(i) for para 2.III, the following para shall be substituted, namely:—
“2.III Details of industrial activity to be undertaken by industrial units:
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(ii) for para 3.VI, the following para shall be substituted, namely:—
| “3.VI Whether all the criteria as mentioned in para 4 of the industrial Park Scheme, 2008 are met or not: | |
| (a) The date of commencement of the Industrial Park should be on or after the 1st day of April 2006 and not later than the 31st day of March 2009; | Yes/No |
| (b) The area allocated or to be allocated to industrial units shall not be less than seventy-five per cent of the allocable area; | Yes/No |
| (c) The area allocated or to be allocated for commercial activity shall not be more than ten per cent of the allocable area; | Yes/No |
| (d) There shall be a minimum of thirty industrial units located in a industrial park; | Yes/No |
| (e) For the purpose of computing the minimum number of industrial units; all units of a person and his associated enterprises shall be treated as a single unit. | Yes/No |
| (f) The minimum constructed floor area shall not be less than 15,000 square metres; | Yes/No |
| (g) No industrial unit, along with the units of an associated enterprise, shall occupy more than twenty-five per cent of the allocable area; | Yes/No |
| (h) The industrial park should be owned by only one undertaking; and | Yes/No |
| (i) Industrial units shall undertake only such industrial activity as defined in clause (j) of para 2 of the Industrial Park Scheme, 2008 | Yes/No |
2. This notification shall come into force on the date of its publication in the Official Gazette.
