BBIA requests for the issuance of procedural guidelines under Incentives 2021

JAMMU: A Meeting of Bari Brahmana Industries Association (BBIA) was held today under the President ship of Sh. Lalit Mahajan in presence of Sh. Tarun Singla Sr. Vice President, Sh. Ajay Langer Vice President, Sh. Viraaj Malhotra General Secretary, Sh. Rajesh Jain Secretary and Sh. Vivek Singhal Treasurer BBIA, and other Member to discuss the issue regarding the non issuance of Procedural Guidelines in respect of Reimbursement of Capital Investment Subsidy, Interest Subvention on Term Loan, Gross GST Reimbursement for New Units and Interest Subvention on the Working Capital for Existing Units as per the Notification issued by Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, Govt. of India on 19-02-2021.

Members present in the meeting shown their concern   in respect of  Procedural Guidelines not yet notified by the DPIIT pending since last one year as the Notification dt 19-02-2021 was effective from 01-04-2021 on the basis of which  nos. already started the Production but not able to file the Claims for the Reimbursement of Incentives under the said Notification.

In respect of Existing Units as 31-3-2021, the Unit Holders are not able to file the Reimbursement Claims of Interest Reimbursement for the period 2021-22 due to non issuance of requisite  Guidelines by  DPIIT. We request Hon’ble Lt. Governor Sh. Manoj Sinha and Principal Secretary Industries & Commerce Department Sh.Vivek Bhardwaj(IAS) to kindly take up the matter with Sh. Piyush Goyal Hon’ble Union Minister, Industry & Commerce Govt. of India for the issuance of Requisite Guidelines for the Reimbursement of Gross GST on Quterly Basis and Reimbursement of other Incentives in time bound manner.


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