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OEM Update

CII asks govt to extend relief on electricity tax

July 15, 2009 11:20 am

C. K. Ranganathan, Chairman, CII Tamil Nadu State Council,  has urged the government of Tamil Nadu to continue extension of electricity tax exemption on industry having captive power plants. The tax exemption provided for industries generating captive power expired on March 31, 2009.
 
With the power situation continuing to be grim and power cut still being imposed on industry, there is a clear need for the industry to generate power using all captive sources available.
 
Ranganathan said the exemption in the past has been a favourable step by the government to encourage industry to generate power using the available captive units till the state recovers completely from the grim power scenario. Exemption of generation tax makes it much more viable for the industry to generate power in their captive power plants, especially in the given economic situation. CII also urge the Tamil Nadu Electricity Board to consider following proposals to tide over the power crisis.

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