Supreme Court Rebukes RBI for Remaining a Bystander as YES Bank Operated Clandestinely  ||  Supreme Court: Lower Fresh Bids Alone Cannot Justify Cancellation of an Auction  ||  Supreme Court Directs Delhi Police to Produce Section 163 BNSS Orders and Preserve CCTV Footage  ||  Supreme Court Affirms Menstrual Hygiene as a Fundamental Right, Warns States of Contempt  ||  Supreme Court Flags AI-Generated Fake Judgments Submitted in a Party’s Case Compilation  ||  Karnataka High Court: Vijay Mallya’s Flamboyant Lifestyle Hinders Settlement of Bank Claims  ||  Delhi High Court: Women can be Booked for Gang Rape without Physically Committing it  ||  Delhi High Court: Litigants Must Track Their Cases and Cannot Blame Lawyers for Their Own Inaction  ||  Allahabad High Court: Contract Workers Must Prove Work Parity With Regular Staff for Equal Pay  ||  Allahabad High Court Directs UP Trial Courts to Decide Maintenance Execution Cases Within Six Months    

Amendment in the Scheme Guidelines for the Production Linked Incentive (PLI) scheme for Automobile and Auto Component industry- (Ministry of Heavy Industries) (31 Aug 2023)

MANU/HIPE/0005/2023

Commercial

In partial modification of the Scheme Guidelines for the Production Linked Incentive (PLI) scheme for Automobile and Auto Component industry which was notified by the Ministry of Heavy Industries vide S.O. No. 3947(E) dated 23rd September 2021, the following amendments are made with effect from date of its publication in the Official Gazette:-

Amendment of sub-paragraph 2.26 to be read as under:

Para 2.26 : Domestic Value Addition: The term "Domestic Value Addition" will be construed as the percentage of manufacturing activity being undertaken in that referred part of the supply chain. It will be certified by Testing agency of MHI. % Domestic Value Addition = [{Adjusted Ex-factory price of the product - (minus) Adjusted Import content} / Adjusted Ex-factory price of the product] x 100, where,

Ex-Factory Price shall mean price of the product at the factory gate, before applicable taxes.

CIF shall mean Cost, Insurance and Freight.

Adjusted Ex-factory price of the product = Ex-factory price of the product - (minus) Total Exempted Import as per FAQs - (minus) Weighted Average Discount in excess of the dealer/ channel margin.

Adjusted Import content = Import content i.e. sum of CIF value of all non-originating materials and services including royalty in the final product including non-creditable import duties - (minus) Total Exempted Import as per FAQs.

The entire calculation above is net of GST.

After sub-paragraph 2.27, sub-paragraphs 2.28, 2.29 & 2.30 will be added, namely :

Para 2.28 : Frequently Asked Questions (FAQs): FAQs are the queries raised during interactions/stakeholder consultations with applicants and auto industry associations. These queries have been compiled in the form of FAQs in this Scheme and published by MHI from time to time.

Para 2.29 : Weighted Average Discount: It is the weighted average of discounts offered by the applicants on the AAT product to their dealers / distributors in the last 12 months.

Para 2.30 : Non-Originating Material and Services: Material and Services whose country of origin is other than the country in which that material / service is used in manufacturing and any material / service whose origin cannot be determined.

Tags : AMENDMENT   PLI   SCHEME  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved