Calcutta HC Confirms KMC Can Revise Property Valuation to Levy Tax In ?11.24 Crore Dispute  ||  Bom HC Cancels Bail of Accused Supplying Fake Medicines, Says it Weakens Public Trust in Healthcare  ||  MP HC: Oral, Anal Sex Between Married Couples Not Punishable under Section 377 IPC  ||  SC Says Respect For Higher Court Orders a Basic Principle, Rebukes Authority For Revisiting Order  ||  SC: Merits of Foreign Arbitral Awards Cannot be Re-Examined During Enforcement Proceedings  ||  SC: Failure to Sign Charge Sheet Doesn’t Invalidate Trial if Charges Were Properly Read to Accused  ||  Delhi HC: Bipolar Disorder Alone Does Not Qualify as Medical Disability Without Benchmark Criteria  ||  Kerala HC: Excommunicating Knanaya Catholics For Marrying Outside the Community is Unconstitutional  ||  Kerala HC: Temporary Use of Religious Land For Public Infrastructure is Not a ‘Transfer’ under Law  ||  P&H HC: Habeas Plea in Child Custody Case Not Maintainable if Child is With Natural Guardian and Safe    

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