Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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9) The allottee shall intimate by registered letter to the Corporation about the activities after<br />
commencement <strong>of</strong> construction, completion <strong>of</strong> construction and commencement <strong>of</strong> production activities in<br />
the plot. Commencement <strong>of</strong> production will be recorded by the unit head based on one <strong>of</strong> the following<br />
documents, if requisite minimum constructin has been completed as stipulated above in this rule:<br />
(i) in case <strong>of</strong> units which are liable to deposit Sales Tax, CST or VAT – the date on which the unit<br />
makes the first payment <strong>of</strong> Sales Tax, CST or VAT will be taken as date <strong>of</strong> commencement <strong>of</strong><br />
production.<br />
(ii) in case <strong>of</strong> units not paying Sales Tax, CST or VAT – the date any other tax paid for the first time<br />
to the State Government will taken as date <strong>of</strong> commencement <strong>of</strong> production.<br />
.<br />
(iii) for those sectors which do not pay any taxes to the State Government in respect <strong>of</strong> investment to<br />
which subsidy/exemption is linked – the date <strong>of</strong> bill <strong>of</strong> commercial transaction (receipt <strong>of</strong> deposit <strong>of</strong><br />
fee/charges etc.) will be taken as date <strong>of</strong> commencement <strong>of</strong> production.<br />
Note: However, in those cases where preferential allotment has been made under <strong>Rule</strong> 3(W),<br />
‘commencement <strong>of</strong> production’ will be recorded as above, only after verifying that investment <strong>of</strong> the<br />
envisaged amount as per the project submitted by the allottee at the time <strong>of</strong> approval <strong>of</strong> allotment by<br />
the constituted Committee has been made ,<br />
10) As a relaxation in the provision at S.No. (6) <strong>of</strong> the rule 21, the Managing Director will be the<br />
cometent authority to consider an industry to be in production even if 20% construction has not<br />
been made at site in view <strong>of</strong> totality <strong>of</strong> circumstances <strong>of</strong> the project. However, the above<br />
relaxation/dispensation will be subject to the conditions and stipulations:<br />
(i) Commercial production has been started by the such allottee with minimum 10%<br />
constructed area<br />
(ii) The allottee shall complete 20% construction subsequently in phases as per the<br />
requirements <strong>of</strong> the rules.<br />
(iii) No sale/ transfer <strong>of</strong> lease hold rights will be permitted till the unit completes the<br />
construction in 20% <strong>of</strong> the plot area as per <strong>Rule</strong>-21 <strong>of</strong> <strong>RIICO</strong> <strong>Disposal</strong> <strong>of</strong> <strong>Rule</strong>s, 1979.<br />
(iv) If 20% construction parameter <strong>of</strong> the rule is met within next two years <strong>of</strong> the<br />
commencement <strong>of</strong> production in first phase, no retention charges shall be levied. However<br />
in case <strong>of</strong> failure, to complete the construction as above , the said deferment regarding<br />
recovery <strong>of</strong> retention charges shall be treated as withdrawn and the matter will be dealt as<br />
if unit has violated the provisions <strong>of</strong> <strong>Rule</strong>-21 <strong>of</strong> <strong>RIICO</strong> <strong>Disposal</strong> <strong>of</strong> <strong>Land</strong> <strong>Rule</strong>s, 1979.<br />
(Inserted as per approval <strong>of</strong> IDC w.r.t item 16 <strong>of</strong> its meeting held on18.2.11)<br />
Note : In cases <strong>of</strong> plot/land allotments made during 13.11.2000 to 31.3.2001, 24.11.2001 to<br />
31.3.2002 and 24.2.2003 to 31.3.2003 wherein land allotment was made without any<br />
specific condition on the allottee for completing construction and commencing<br />
production activity on the allotted land/plot within the stipulated period would now be<br />
required to complete construction and commencing production activity within a period<br />
<strong>of</strong> 3 years in non NCR Region and within 2 years in NCR Region from 1.6.2012.<br />
(inserted as per item 5&18 <strong>of</strong> the meeting held on 29.5.2012)<br />
Note : In cases where lease-deed <strong>of</strong> plot has been executed or possession <strong>of</strong> plot is<br />
taken over / deemed, prior to declaration <strong>of</strong> area as developed then, the period<br />
for commencement <strong>of</strong> construction activities, completion <strong>of</strong> construction<br />
activities and commencement <strong>of</strong> production activities will be considered from<br />
the date <strong>of</strong> declaration <strong>of</strong> area as "Developed".<br />
(Amended as per IDC decision taken vide item 3 on 20.05.2004)