New Industrial Unit definition

New Industrial Unit means an industrial unit for the setting up of which effective steps were not taken prior to 14th June, 2002.

New Industrial Unit means an industrial unit where fixed capital investment has commenced on or after the effective date and which goes in to commercial production within two years for Micro, Small & Medium Enterprises and three years for the rest, from the date of starting first fixed capital investment.

New Industrial Unit means an industrial unit in which commercial production has commenced within five years from 01.04.2011.

Examples of New Industrial Unit in a sentence

• New Industrial Unit: "New Industrial Unit" means an industrial unit in which commercial production has commenced within five years from 01.04.2016.

• The Exemption Notifications contained various eligibility conditions in respect of quantum of investment, period of setting up a New Industrial Unit, period for commencing commercial production etc and the procedure to be complied with in order to avail the exemption.

• New Industrial Unit means an industrial Industrial unit which has come into commercial production between 15th November , 2000 and 31st March , 2005.

• New Industrial Unit means an industrial unit which has come into commercial production between 15th November,2000 and 31st March, 2005.

• While the said Notification dated 31.7.2001 came to be amended from to time, and the date for setting up a New Industrial Unit and the date of Commencement of commercial production came to be extended till 31.12.2005, the said promise of availability of 100% exemption of actual duty paid, for 5 years remained constant.

More Definitions of New Industrial Unit

New Industrial Unit means an industrial unit where fixed capital investment has commenced on or after the effective date and which goes into commercial production within 3 years for SSI, 5 years for medium and large industries, 6 years for mega industries with an investment of more than Rs. 500 crores from the date of starting first fixed capital investment :

New Industrial Unit means an industrial unit which commences commercial production/operation on or after the date of notification of this Scheme.

New Industrial Unit. (Greenfield Industry) means an industrial unit which proposes to commence commercial production on or after 01.11.2009 and is in possession of E.M. part-1/I.E.M, Letter of Intent, Industrial License issued by competent authority for this purpose and possesses E.M. part-2 and commercial production certificate issued by competent authority on commencement of commercial production in Industry.

New Industrial Unit means a micro, small or medium enterprise in the manufacturing sector which has started production on or after the 1st April,2013 and filed EM(Part-II). If an existing industrial unit sets up a branch as second/ third unit etc. in different location in the State and manufactures new items, its second/ third unit etc. will only be treated as a new industrial unit provided EM(Part-II) is filed for the same.

New Industrial Unit means an industrial unit which commenced commercial production/operations on or after the 21st day of December 2022 but not later than 20th day of December 2032 or till such time as the Government may deem fit and proper.

New Industrial Unit means an industrial unit which has set up manufacturing capacity and come into production on or after the date of commencement of the Scheme.

New Industrial Unit means an industrial unit where fixed capital investment has commenced on or after the effective date and which goes in to production within three years for MSMEs and five years for Large units from the date of starting of first fixed capital investment. New investment after the effective date on existing land towards building and plant and machinery and which goes in to production within three and five years for MSME and Large units respectively from the date of starting of first fixed capital investment will be considered as a new industrial unit.