Power is the primary requirement of any industry and if the electricity is costly, the price competitiveness will not be there and the unit cannot survive.
Running a business involves a wide variety of operational expenses. These include a number of utility costs for items such as electricity, water and natural gas. Irrespective of the industry an organization may be in, maintaining overhead costs is one of the largest financial obligation. Energy consumption cost is one such operating cost.
High electricity expenses up the cost of production and kill competitiveness. Business owners are bothered about the cost of energy when they are operating. Thus, electricity cost can impact the budget and should be taken into consideration while running the business.
Electricity expenses can take up large part of budget depending on size and activities of business. Failure to control costs can have cascading effect on business and eventually leads to winding up of business.
Saving in electricity expenses has various advantages, which are mentioned as follows:
1. Reduces Cost
2. Increase in profits
3. Savings on electricity expenses can free up capital for other things like business development
4. Reduction in cost, increase in profit
5. Increases competitiveness
Hence, irrespective of the type of industry or business you are in, no opportunity should be missed to save operational expenses.
LMCPL has proven track record of client satisfaction in assisting them to avail incentives like exemption from payment of Electricity duty, property tax exemption, exemption from payment of Change of Land use/External Development Charges etc.
Following are the exemptions from payment of electricity duty for different types of unit:
1. MSME Units
100% Exemption for 7 years for all new units from the date of release of electricity connection.
2. Large and MSME Units in thrust sectors*
100% Exemption for 10 years for all new units in from the date of release of electricity connection.
*Thrust sectors for investment in the manufacturing sector will be e-vehicles, medical equipment, apparel, footwear and accessories, food processing units, electronics, aerospace and defence, biotechnology and pharmaceutical.
In the e-sector, the thrust areas will be IT, life sciences, healthcare, tourism, entertainment parks and logistics
We take up the assignment right from filing an application for grant of electricity duty exemption till the approval of exemption and yes this is not the end but the beginning of a new era which will change the bottom line of your business.
Kindly give us the opportunity to have one to one meeting with you so that we can discuss on various incentives which your business can avail