Innoventive Industries Ltd has informed BSE that:
"In the year 2007 our plant located at Pimple Jagtap has been granted 'the Mega Project' status by Government of Maharashtra under "Package Scheme of Incentives 2007" which entitles our Company for some monetary benefits which include; Industrial Promotion Subsidy (IPS) in the form of VAT refund equivalent to 75% of the eligible investment made in the plant with effect from March 28, 2007 subject to certain terms & conditions.
Further the Company has informed that, the Government of Maharashtra, Directorate of Industries has disbursed our first claim, for the period December 01, 2008 to March 31, 2009 in August 2010.
On May 20, 2011 amount of Rs. 16,38,29,000/- has been received by us against our second claim of Rs. 19,27,43,724/- pertaining to the period April 01, 2009 to March 31, 2010.
As per standard procedure, the balance amount of Rs. 289,14,724/- equivalent to 15% of second claim will be received after completion of business audit by VAT Department of Maharashtra Government."
Sensex
|
Sunday, May 22, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment