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SUGAR INCENTIVE
SCHEME, 1997 |
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| Column1 |
Column2 |
Column3 |
Column4 |
Column5 |
Column6 |
Column7 |
| (1) |
Sanctioned vide
letter No F3(4)89-PC Vol. IV (applicable to new sugar factories |
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and expansion projects licensed/ to be licensed after
31.3.1994) Factories |
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licensed from 7.9.90 to 11.9.98 will be eligible for
incentive if they complete the |
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project within
24 months from the date of 1st
disbursement of term loan from |
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Financial institutions etc |
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| (ii) |
Minimum cost
for eligibility of incentive. |
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| New
Factories |
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| (a) 2500 TCD Capacity |
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F.O.R.
(ex-works plus excise and Rs. 1588 lakhs |
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Custom duties.) |
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| (b) 1750 TCD Capacity |
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F.O.R.
(ex-works plus excise and Rs. 941 lakhs |
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Custom duties.) |
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| Expansion Projects |
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| © Expension upto 2500 TCD |
F.O.R.
(ex-works plus excise and Rs. 595 lakhs |
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Custom duties.) |
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| (d) Expension from 2500 TCD |
F.O.R.
(ex-works plus excise and Rs. 1190 lakhs |
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Custom duties.) |
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| (iii)
Quantum of Incentives |
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High Recovery |
Other Recovery |
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Area |
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Area |
| (a) New Factories |
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100 % for 5 years |
100 % for 8 years |
| (b) Expension project upto |
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85% for 5 years |
100% for 5 years |
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(on additional production) |
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