GOVERNMENT OF RAJASHTAN

FINANCE DEPARTMENT

(TAX DIVISION)

No:F.4(18)FD/Tax-Div./2001-O December 21, 2004

ORDER

In partial modification of this Department's order No.F.4 (18) FD /Tax-Div/2001 dated 28.7.2003 (amended from time to time) the Government makes the following amendments in the Rajasthan Investment Promotion Scheme, 2003 (hereinafter referred to as 'the Scheme):

AMENDMENTS

1. Before the existing sub-clause (a) of clause 4 of the Scheme, following new sub clause (a1) shall be added:

'(a1) "Biotechnology Unit" means an unit established in terms of the Biotechnology Policy 2004 and is certified as such by Director, Science and Technology, Government of Rajasthan to obtain the benefits under the Policy;'

2. In sub-clause (i) of clause 7 of the Scheme after the first proviso the following new proviso shall be inserted:

'and provided further that the maximum limit of 50% prescribed under clause 7 (i) a and clause 7 (i) b shall be raised upto 75% for the Biotechnology Unit established in terms of the Biotechnology Policy, 2004.'

3. After the existing clause 5A and before clause 6 of the Scheme following new clause 5B shall be inserted:

'5B. Eligibility in case of Biotechnology Units:

Notwithstanding anything contained contrary to the provisions of the Scheme, the following benefits under this scheme shall be available to all new investments and investments made by the existing units for modernization / expansion/ diversification, in the Biotechnology Unit established terms of the Biotechnology Policy, 2004:

(1) Subsidies as mentioned in clause 7(i)(a) & 7(i)(b).

(2) Exemptions, as provided in clause 8 of the scheme.'

By order

(Ajitabh Sharma)

Deputy Secretary to the Govt.