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[Cites 0, Cited by 0] [Section 6] [Entire Act]

State of Rajasthan - Subsection

Section 6(b) in The Rajasthan Sales Tax/Central Sales Tax Deferment Scheme for Industries, 1998

(b)The benefits sanctioned under this Scheme shall be liable to be suspended, where an industrial unit-
(i)makes two defaults, after two years of the commencement of production, in making repayments of the loans obtained from the financial institutions of the State; or
(ii)makes default in honouring the commitment of buy-back of the equity of the financial institutions of the State in its project as agreed upon; or
(iii)fails to deposit sales tax for three consecutive months during the currency of the Eligibility Certificate.