Subsidy on Electric Duty
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जानिए Subsidy on Electric Duty
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Well in this blog we will discuss about “Subsidy on Electric Duty”.
To run the business, there is requirement of electricity, majorly on the big business projects as manufacturer and it involves the heavy expense on the electricity bill to be paid. To bear the expense there is requirement of more working capital in the business and lead to financial burden to the business.
These costing needs to be minimized with some reimbursement or concession to encourage the business to come over. Thus, the State Govt. of Haryana has launched the Scheme of Electric Duty Exemption to provide the assistance on the duty payable as “Electric Duty” on the electricity bills.
This duty depends upon the quantum of Electricity Bill generated.
Under this Scheme, Department of Industry will provide the assistance of electric duty payable on electricity bill for the use of the same in business.
Financial Assistance/Subsidy/Benefits Available in Subsidy on Electric Duty :-
The Quantum of Assistance as under would be provided in the State as per the given below terms:
- For MSME units: 100% exemption for 12 years in D category block, 10 years in C category block and 7 years in B category block.
- For Large & Mega units: 100% exemption for 10 years in D category block, 7 years in C category block and 5 years in B category block.
- For Ultra – Mega units: The Ultra Mega Projects shall be offered customized package of incentives by the Haryana Enterprises Promotion Board throughout the State.
- For Thrust sector Enterprises: 100% exemption for 20 years in D category block, 15 years in C category block and 10 years in B category block.
- Electronic System design & Manufacturing:100% exemption for 20 years.
- Data Centres & Co-location facilities: 100% exemption for 20 years throughout the State.
- Import Substitution Enterprises: 100% exemption for 10 years in ‘B’, ‘C’ and ‘D’ category blocks.
- Essential Sector Enterprises: 100% exemption for 12 years in ‘B’, ‘C’ &‘D’ category blocks.
- For Service Enterprises: 75% exemption for new enterprise for 5 years in C & D category blocks and 50% in B category block.
Eligible Entities:
- All MSMEs,
- Large, Mega,Ultra mega units,
- Cluster establishment/Relocation,
- Thrust sector enterprises,
- Electronic System design & Manufacturing,
- Data centres & Co-location facilities,
- Import substitution enterprises,
- Essential sector enterprises,
- Service enterprises
Period of Applicability in Subsidy on Electric Duty:
The scheme shall be applicable for a period of 5 years from the date 01.01.2021.
Eligibility Criteria:
The Industrial Units shall also comply with following conditions to avail the benefit of Subsidy on Electric Duty :
- The unit shall file IEM/Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM)on the portal for statistical purpose, at any stage.
- The electricity duty exemption shall be available on the power load being used for the production purpose not available for the light load.
- The unit should have obtained NOC/CLU from competent authority.
- The unit should not fall in the restrictive list as notified by the State Government from time to time.
- The unit should be in commercial production.
Time Limit to Apply to avail Subsidy on Electric Duty:
Within 3 Months from release of electricity connection.
So, if you are planning for taking a electricity connection at your newly established unit or existing unit, then you can take huge advantage from the above scheme. So, you should plan according to above said scheme.
If you want to know more Subsidy in Haryana in MSME sector then click at:–https://kipfinancial.com/msme-registration-and-its-subsidy-benefits-in-haryana/
If you want to know more subsidy on Electric Duty, then fill this link :- https://forms.gle/2y7hCqhyLYnuvt3aA
Watch video on MSME Subsides to know more about it :- https://youtu.be/pMqLzUNlWxc
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