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Punjab Industry Dept extends timeline migration from FIIP to IBDP till Dec 31

Chandigarh, Sep 10 (UNI) Keeping in view the severe pandemic stress being faced by industry, the Punjab government has decided to further extend the timeline for units to migrate from Fiscal Incentives for Industrial Promotion (Revised) – 2013 to Industrial and Business Development Policy, 2017 till December 31, 2020.
Stating this on Thursday, Industries Minister Sunder Sham Arora said that units can avail of this last time extension as per prescribed procedure under Detailed Schemes and Operational Guidelines, 2018. A notification to this effect has been issued today and eligible investors may file their application online at www.pbindustries.gov.in.
He informed that in view of the representations received from the industry that they were new to the online system of fiscal incentives developed on the Invest Punjab Business First Portal and they could not file their online application for migration from Fiscal Incentives for Industrial Promotion (Revised) – 2013 to Industrial and Business Development Policy, 2017, the Punjab Industrial and Business Development Board constituted under the chairmanship of the Chief Minister, Punjab had accorded one-time special opportunity of making application by other units desirous and eligible for migration from Fiscal Incentives for Industrial Promotion (Revised) – 2013 to Industrial and Business Development Policy, 2017, within 60 days from December 2, 2019 to February 1, 2020.
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