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Labour Laws Chhattisgarh Ministry of Labour and Employment Factories Act, 1948

Regarding option to choose Industrial policy 2019-2024 and 2024-2030 for industrial investment promotion

02-Jan-2025 | No. F20-61/2024/11/6

The Chhattisgarh government issued a notification regarding the option to choose Industrial policy 2019-2024 and 2024-2030 and highlighted the aspects, benefits, policy options and eligibility criteria to avail the benefits, effective from 02 January 2025. Key Highlights: 1. The enterprises under the Industrial Policy 2019-24 have the option to choose whether they to continue with the benefits under the previous policy or opt for the new Industrial Development Policy 2024-30. This choice must be made by 31st March 2025 and is irrevocable. 2. In case an existing enterprise opts for the Industrial Development Policy 2024-30 or does not select any option, it will be required to repay an amount equivalent to the benefits received under the Industrial Policy 2019-24. 3. In case of opting for the Industrial Policy 2019-24, the enterprise must complete the proposed project within timeline specified for different enterprises. 4. If eligible industries that have opted for Industrial Policy 2019-24 fail to start commercial production within the specified time limit and are included in the ineligible category under Industrial Development Policy 2024-30, they will need to return the grants, exemptions, and concessions they received under Industrial Policy 2019-24 as per regulations. 5. For eligible enterprise the online application for the option will be available on the department's website until 31st March 2025. The enterprise is required to submit the following documents along with the online application: a. Registered copy of the land purchase and lease deed, b. Copy of the CA certificate (Form-3), c. Purchase order for machinery and equipment, and d. Option-related affidavit (Form-1 or Form-2) After examining all the documents submitted by the applicant, an option certificate will be issued online within 15 working days. For more details, please refer to the document attached hereby.

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