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.

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Category : Income Tax (25041)
Type : Notifications (15213) Notifications/Circulars (30079)

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