Annual ceiling on benefits to be availed of under Package Schemes of Incentives

Annual ceiling on benefits to be availed of under Package Schemes of Incentives.

1. (1) Notwithstanding anything contained in this Act or in any Package Scheme of Incentives, the quantum of incentives to be availed of by an Eligible Unit in any financial year shall not exceed the ceiling, if any, fixed under the relevant Package Scheme of Incentives.
2. (2) If the total amount of incentives available to an Eligible Unit in a financial year exceeds the ceiling, the excess amount shall be carried forward to the subsequent financial year or years, subject to the overall ceiling, if any, prescribed under the relevant Package Scheme of Incentives.