Amendment to the Industrial Park Scheme, 2008 - Amendments in Form IPS-1 - 106/2008 - Income Tax

Amendment to the 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: ______________________ ______________________ ______________________ ( 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. F. N0. 149/278/2006-TPL (Kamlesh Chandra Varshney) Director Note : The principal scheme was published in the Gazette of India, Extraordinary, Part-II Section-3 sub section (ii) vide Notification No. S. O. 51(E), dated the 8 th January, 2008 and was subsequently amended vide notification no. S. O. 1605(E), dated the 2 nd July, 2008