Vidhi Codex

The Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Act, 2025

The Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Act, 2025

General20258 sections

This Act retrospectively cancels various industrial incentive schemes, grants, and financial support programs previously offered by the West Bengal government. It applies to industrial units that were eligible for these benefits under specific schemes listed in the Schedule. The law effectively nullifies all past, present, and future claims for financial support, tax exemptions, or subsidies, regardless of any prior contracts, court orders, or agreements. It also mandates that any excess payments previously made by the state can be recovered as arrears of land revenue. For business owners, this means previously promised government financial assistance is now legally void.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Definitions
  3. 3. Effect and operation
  4. 4. Overriding effect
  5. 5. Savings
  6. 6. Power to make rules
  7. 7. Power to remove difficulties
  8. I. List of all the West Bengal Incentive Schemes sanctioned by the State Government [including amendments, if any, from time to time]

PDF: pending for this language.