Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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15(A)(xv) The interest on outstanding service charges shall be waived in case <strong>of</strong> units declared<br />
sick by BIFR / Industries Department or Closed Units taken over by <strong>RIICO</strong>/ RFC/<br />
Other Institutions.<br />
However, in case where the unit/company has not been able to obtain sickness<br />
certificate from the competent authority but the entire net worth has been eroded and<br />
company has been in losses for three continuous years, such unit would be eligible<br />
for 50% rebate in interest on outstanding service charges. Net worth erosion shall be<br />
considered on the basis <strong>of</strong> certificate issued by concerned financial<br />
institution.(Inserted as per IDC decision taken vide item 13 on 9.7.98, item 13 on<br />
25.2.2000 and item 9 on 8.8.2000)<br />
15(A)(xvi) Recovery <strong>of</strong> service charges in case <strong>of</strong> permitted plot sub-division:<br />
The Corporation shall recover service charges @ 1.25 times <strong>of</strong> the normal rate from<br />
the transferees <strong>of</strong> sub-divided plots where sub-divided plots are not having direct<br />
access to the existing infrastructure and the infrastructure facilities are provided for<br />
the sub-divided plots under supervision <strong>of</strong> the Corporation by the transferor/allottee<br />
<strong>of</strong> large size plot.<br />
15(A)(xvii) In case <strong>of</strong> land allotted for setting-up <strong>of</strong> Training Institute (Engineering/ Medical /<br />
Dental and Other Institutions and Educational Institutions), service charges shall be<br />
recovered at the rate fixed for industrial plots.<br />
15(A) (xviii) The service charges shall be recovered from the plot allottees <strong>of</strong> nursing homes /<br />
hospitals at the rates fixed for industrial plot allottees in slow moving industrial<br />
areas. After change <strong>of</strong> category and in other areas service charges at 2 times the<br />
rate applicable on industrial plot allottees shall be recovered.<br />
(Inserted as per IDC decision taken vide item 8 on 7.12.2000, item 3 on 12.7.99, item 13 on<br />
3.6.2000 and item 31 on 23.9. 2002)<br />
15(A) (xix): Special provision, applicable to the land allotments to the khatedars ( land<br />
allotments in lieu <strong>of</strong> the cash compensation):<br />
That the service charges will be levied on the allottee khatedars from the date on<br />
which unit/project is set up by them on the allotted plot/land not withstanding the<br />
normal provisions <strong>of</strong> the relevant rule. In case, the vacant plot is transferred by the<br />
allottee Khatedars then service charges shall be made leviable on the transferee as<br />
per usual norms/rules.<br />
(Inserted as per IDC decision <strong>of</strong> the IDC taken vide item 14 <strong>of</strong> its meeting held on 27.10. 2008)<br />
15(B) CESS :<br />
For maintenance <strong>of</strong> fire fighting facility in the area, Fire Station Charges (FSC) shall<br />
be levied in addition to the service charges in consultation with the industries<br />
association <strong>of</strong> the area, if any. FSC will be recovered on the same lines, the service<br />
charges are realized from plot allottees.<br />
(Inserted as per IDC decision taken vide item 4 on 9.7.98)<br />
16. SUB – LETTING & SUB-LEASING:<br />
16(1) : The allottee <strong>of</strong> an industrial plot may be allowed to sub-let the plot/ constructed<br />
premises for industrial purposes only for any period, provided that the allottee has cleared
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