Section 4B(2) in Punjab General Sales Tax (Deferment and Exemption) Rules, 1991
(2)a unit which qualifies for various incentives both under the Industrial Policy, 1992 or under the Industrial Policy, 1996 as notified by the Department of Industries, Punjab, and has exercised its option to be covered under either of the aforesid two policies by the 30th day of September, 1996, would be governed by the policy for which it has exercised option.]
