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Part B : INDIRECT TAXES
51 Sanction and disbursement of Industrial
Promotion Subsidy (IPS) to Mega Projects and Non-Mega Projects under PSI-2001 &
PSI-2007, Reconciliation of IPS by Sales Tax Department & Procedure to be
followed by the Department.
Trade Circular 8T of 2009, dated 7-2-2009 :
In this Circular detailed procedure has been laid down for sanction and
disbursement of the IPS as per two Government Resolutions No.
PSI-2108/CR-36/Ind-8, dated the 3rd December 2008 and No.
PSI-2108/CR-s278/Ind-8, dated the 4th December 2008.
