close

18D.General conditions.

(1) The eligible unit availing benefit of remission of tax or deferment of tax shall not suspend the availing such incentives during the period of operation of incentives till the monetary limit is fully exhausted. In case of contravention of this sub-rule, the monitory limit of the eligible unit shall be deemed to have been exhausted.
(2)  For the purpose of arriving at the limit of incentives of the eligible unit availing tax exemption, the aggregate of following shall be considered, namely:-
(i)  The aggregate amount of refund of the tax paid to the eligible unit under sub-rule (1) of rule 18B.
(ii) The aggregate amount of remission of tax collected by the eligible unit under sub- rule (3) of rule 18B.
(ii) The aggregate amount of deferment of tax payable on inter-State sales under the provisions of the Central Sales Tax Act, 1956, referred to in clause (b) of sub-rule (3) of rule 18C.
(3)  For the purpose of arriving at the limit of  incentives of the unit availing tax deferment, the aggregate of following shall be considered, namely :-
(i)  The aggregate amount of deferment of tax payable on sales by the eligible unit under clause (a) of sub-rule (3) of rule 18C.
(ii) The aggregate amount of deferment of tax payable on inter-State sales under the provisions of the Central Sales Tax Act, 1956, referred to in clause (b) of sub-rule (3) of rule 18C.
(4) The eligible unit shall start making payment of tax as soon as the aggregate amount of tax on sales or purchases effected by it equals the amount specified in the Certificate of Entitlement or on the expiry of the limit mentioned in the Certificate of Entitlement, whichever is earlier and thereafter, it shall be liable to pay tax in accordance with the provisions of the Act.
(5) The eligible unit shall make payment of the tax deferred in accordance with the  provisions  of the  respective Government Resolutions under which an Eligibility Certificate was granted to such unit by the Industries and Mines Department
(6)   If the eligible unit contravenes any of the provisions of the Act or rules or the conditions of the  respective Government Resolutions or notifications, the incentives granted under this Chapter shall cease to operate. Accordingly, in the event of breach the entire amount remitted under rule 18B shall be paid by eligible unit in to the Government Treasury from the date of contravention and on failure to do so, the said amount shall be recovered from eligible unit as if tax due from the eligible unit and shall be recovered as an arrears of land revenue.