The Government of Himachal Pradesh on December 13, 2023, issued a notification to amend the provisions in the Himachal Pradesh Industrial Investment Policy, 2019.
The following amendment has been stated:
• Clause 7(IX) has been substituted with the following:
Net SGST Reimbursement
(a) All eligible MSME enterprise(s) (excluding Steel Manufacturer enterprises) would be provided reimbursement of Net SGST in respect of supplies/manufactured goods consumed within the State of Himachal Pradesh @60% in Category-A and 90% in Category-B & Category-C areas, for a period of 07 years, subject to a maximum limit of 100% of Fixed Capital Investment (FCI).
(b) Eligible Steel Manufacturer MSME enterprises would be provided reimbursement of Net SGST paid to the State Government @ 50%, 80% and 90% in Category-A, B and C areas respectively, for a period of 07 years, up to a maximum of 80% of the Fixed Capital Investment.
• Clause 8(IV) has been substituted with the following:
Net SGST Reimbursement
(a) All eligible Large Enterprise(s) (excluding Steel Manufacturer enterprises) would be provided reimbursement of Net SGST in respect of supplies/manufactured goods consumed within the State of Himachal Pradesh @60% in Category-A and 80% in Category-B & Category-C areas, for a period of 07 years, subject to a maximum limit of 100% of Fixed Capital Investment (FCI).
(b) Eligible Steel Manufacturer Large enterprises would be provided reimbursement of Net SGST paid to the State Government @ 50%, 70% and 80% in Category-A, B and C areas respectively, for a period of 05 years, up to a maximum of 80% of the Fixed Capital Investment.
• Clause 10(II) has been substituted with the following:
Net SGST Reimbursement
(a) All eligible Anchor Enterprise(s) (excluding Steel Manufacturer enterprises) would be provided reimbursement of Net SGST in respect of supplies/manufactured goods consumed within the State of Himachal Pradesh @100% in Category-A, Category-B and Category-C areas, for a period of 10 years, subject to a maximum limit of 250% of Fixed Capital Investment (FCI).
(b) Eligible Steel Manufacturer Anchor enterprises would be provided reimbursement of Net SGST paid to the State Government @ 100% in Category-A, Category-B and Category C areas respectively, for a period of 07 years, up to a maximum of 80% of the Fixed Capital Investment.
The modified/amended rates would be applicable only to the enterprises set up in the State after the date of notification in this regard by the Government and till the date of implementation of this Policy.
[Notification No. IND-A-F001/3/2022]
