As far as relaxations are concerned, it has allowed inclusion of more LED components such as resistors, fusers, LED transformers, among others, in the target segments and eligible products.
The Department for Promotion of Industry and Internal Trade (DPIIT) revised guidelines for the PLI scheme for white goods, offering some relaxations.
It also said that a company availing benefits under scheme, if for any reason fails to make full committed investment and exits midway, will then have to refund the incentives taken along with interest. In addition, the bank guarantee will also be invoked, according to frequently asked questions released by the DPIIT.
“Therefore, if any selected applicant declines the offer of approval under the scheme at any stage or exits the scheme without making full committed investment for reasons whatsoever; in such case, the bank guarantee furnished by the selected applicant shall be invoked as per the provisions...the
First Published: Aug 18 2021 | 12:05 PM IST