The Andhra Pradesh Interest Free Sales Tax Loan for Industries (Imposition of Ceiling) Act, 1987

1. (1) This Act may be called the Andhra Pradesh Interest Free Sales Tax Loan for Industries (Imposition of Ceiling) Act, 1987.
2. (2) It shall be deemed to have come into force on the 1st January, 1976.

The State Government may fix the maximum of the Interest Free Sales Tax Loan during the period from the 1st January, 1976 to the 31st March, 1984 in respect of new industrial units which go into regular production on or after the 1st January, 1976 and such other industrial units going in for substantial expansion, situated in all the areas of the State of Andhra Pradesh excepting in the Municipal Corporation limits of Hyderabad, Vijayawada and Visakhapatnam, notwithstanding the limits specified in G. 0. Ms. No. 224, Industries and Commerce Department, dated the 9th March, 1976 and as subsequently modified from time to time.

Notwithstanding any thing ill any judgement, decree or order of any court, tribunal or other a!! tho- rity or any order to the dntrary,'the maximutn anloulll of Interest Free Sales Tax Loan granted as an incentive to the new industries which have gone into regular production on or after the.lst January, 1976 and those industries which go in for substantial expansion situ- ated in all the areas of the State of Andhra Pradesl~ excepting in thc ' Municipal Corporation limits of Hydcrabad, Vijayawada and Visakhapatflam in terns of G. 0. Ms. No. 224, Tndustries and Commerce Department, dated the 9th March, I976 as zxtei~cled from time to lime till the 31st March, I984 sh!l [lot exceed a sum- of rupees ten lakhs in respect of each industry with a fixed capital cost of nlpees one Ciore and abnye.

The Andhra Pradesh Interest Free Satn% Tax Loans for .Industries (Imposition of Ccilingl Ordinance, 1987 is herebj- repealed.