Section 16 in The Bihar State Aid to Industries Rules, 1959
16. The percentage of costs to be deposited under Section 20.
- No machinery shall be supplied on the hire purchase system, unless the applicant deposits with the Director 10 per cent of the cost of the said machinery in advance and a further 10 per cent before the delivery of the machinery. The deposits may be made in the shape of Government securities, the value of which shall be determined by the State Government from time to time.
