Ceiling on Interest Free Sales Tax Loan

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.