NOTIFICATION NO. 153/2006, DATED 30-6-2006
Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-1A of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O. 193(E), dated the 30th March, 1999, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002 and vide number S.O. 354(E) dated the 1st day of April, 2002, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2006;
And whereas M/s. Avacado Properties & Trading (India) Private Limited, Mumbai, having registered office at Paradigm, S.No. 1406, A/18, Mindspace, Link Road, Malad (West), Mumbai-400 064, has developed an Industrial Park namely, ‘Paradigm’ at Building No. 12, CTS No. 1406, A/18 S.No.504, Malad (West), Mumbai;
And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/49/2005-IP&ID dated 13-4-2006 subject to the terms and conditions mentioned in the annexure to this notification;
Now, therefore, in exercise of the powers conferred by clause (iii ) of sub-section (4) of section 80-IA of the said Act, the Central Government hereby notifies the undertaking, developed and being maintained and operated by M/s. Avacado Properties & Trading (India) Private Limited, Mumbai, as an industrial park for the purposes of the said clause (iii).
The terms and conditions on which the approval of the Government of India has been accorded for setting up of an industrial park by M/s. Avacado Properties & Trading (India) Private Limited, Mumbai.
|1.||(i) Name of the Industrial Undertaking||:||Avacado Properties & Trading (India) Private Limited|
|(ii) Proposed location||:||Building No.12, CTS No. 1406, A/18 . S. No. 504, Malad (West), Mumbai|
|(iii) Area of Industrial Park||:||63860 Square Meters|
|(iv) Proposed activities|
|Nature of Industrial activity with NIC code|
|A||4||–||–||–||Electricity Gas and Water|
|C||8||89||892||Data processing, software development and computer consultancy services|
|D||8||89||893||Business and management consultancy activities|
|E||8||89||894||Architectural and engineering and other technical consultancy activities|
|F||8||89||895||–||Technical testing and analysis services|
|(v) Percentage of allocable area earmarked for industrial use||:||90.00%|
|(vi) Percentage of allocable area earmarked for commercial use.||:||10.00%|
|(vii) Minimum number of industrial units||:||20 Units|
|(viii) Total investments proposed (Amount in Rupees)||:||113.27 crores|
|(ix) Investment on built-up space for Industrial use (Amount in Rupees).||:||85.29 crores|
|(x) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees)||:||89.84 crores|
|(xi) Proposed date of commencement of the Industrial Park||17-8-2004|
(i) the application on the basis of which the approval is accorded by the Central Government contains wrong information/misinformation or some material information has not been provided in it.
(ii) it is for the location of the industrial park for which approval has already been accorded in the name of another undertaking.