section 3
Effect and operation
The Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Act, 2025General20258 sections
Statutory text
- (1) Notwithstanding anything to the contrary contained in any other law for the time being in force, or in any Schemes, Grants and Obligations or contracts, agreements or promises, or in any judgement, decree, order, arbitral award of any court or tribunal, or direction of any authority, all West Bengal Incentive Schemes set out in Schedule and all other kinds of Incentives, by whatever name called, contained in any Grants or Obligations or contracts or agreements or promises, are hereby retrospectively withdrawn, rescinded, revoked and discontinued from the date of implementation of the respective Schemes, as notified in the Official Gazette.
- (2) Notwithstanding anything to the contrary contained in any other law for the time being in force, or in any Schemes, Grants and Obligations, or contracts, agreements or promises, or in any judgement, decree, order, arbitral award of any court or tribunal, or direction of any authority, by the effect and operation of this Act:—
- (a) industrial units in the State of West Bengal, shall no longer be entitled to claim or demand or enforce past arrears or dues in relation to any Incentives including but not limited to any financial incentives, benefits, State support, subsidies, waiver of interest, duties, refund or exemption or remission or reimbursement of taxes, tax incentives, exemptions, advances or any other form of industrial promotional assistance of any nature whatsoever under the West Bengal Incentive Schemes and Grants and Obligations or any Incentive under any contract or agreement or promises or any law of the State Legislature; and
- (b) industrial units in the State of West Bengal, shall no longer be entitled to raise or enforce any future claims or demands in relation to any Incentives including but not limited to financial incentives benefits, State support, subsidies, waiver of interest, duties, refund or exemption or remission or reimbursement of taxes, tax incentives, exemptions, advances or any other form of industrial promotional assistance of any nature whatsoever under the West Bengal Incentive Schemes and Grants and Obligations or any Incentive under any contract or agreement or promises or any law of the State Legislature.
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