Indian Kanoon - Search engine for Indian Law

19. Learned Single Judge after an in-depth analysis of the matter held as follows :-

"18. Before adverting to the merit of the contentious projections, the respondents' cavil on the petitioner's bonafide demands attention. The petitioner does not deny to have availed the benefit of tax/fiscal incentives under the Assam Industrial Policy, 2003 at the relevant point of time. The policy was formulated amongst others to ensure industrial development in the industrially backward regions of the State and to generate more employment opportunities. It offered a package of incentives for promotion and setting up of industrial units and revitalization of sick industrial units and to promote investment in the State. The eligibility criteria for availing the incentives offered thereunder visibly envisaged a date of commencement of commercial production of the unit concerned whether existing or new and a finished product was contemplated to mean and include the item manufactured by the eligible units. Raw materials similarly were envisaged to mean and include all industrial components, intermediate goods, substances, consumable stores including furnace oil and light diesel oil used for captive generating sets required in the process of manufacture and packing materials utilized for packing of finished products by an eligible unit. The applications for grant of Eligibility Certificate and the Certificate of Entitlement with the particulars furnished therein thus have to be judged in these perspectives.