RIPS 2024 Scheme

Electricity Duty Exemption100% Exemption for 7 Years

Get 100% exemption on electricity duty for 7 years under Rajasthan Investment Promotion Scheme 2024. Significantly reduce your operational costs and improve profitability. Available for industrial units, MSMEs, and eligible businesses.

100%
Exemption
7 Years
Benefit Period
All Units
Eligible

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Key Benefits of Electricity Duty Exemption

Significant Cost Reduction

100% exemption on electricity duty for 7 years, reducing your operational costs and improving profitability significantly.

Long-term Benefit

7-year exemption period provides sustained cost savings and improved cash flow over an extended period.

Improved Competitiveness

Lower operational costs give you competitive pricing advantage in the market.

All Consumption Covered

Exemption applies to all electricity consumption for industrial purposes without any caps.

Universal Availability

Available for all eligible industrial units across Rajasthan, regardless of location.

Combinable Benefits

Can be combined with other RIPS 2024 incentives for comprehensive cost reduction.

Eligibility Criteria

Eligible Entities

  • New industrial units and expansion projects
  • MSMEs (Micro, Small, Medium Enterprises)
  • Large industries and mega projects
  • Service sector units with industrial electricity
  • Agri-processing and food processing units
  • Units with valid electricity connections

Requirements

  • Valid electricity connection certificate
  • Minimum investment thresholds as per RIPS 2024
  • Employment generation targets
  • Project completion within specified timeline
  • Commercial production certificate
  • Compliance with RIPS 2024 guidelines

Frequently Asked Questions

What is Electricity Duty Exemption under RIPS 2024?

Electricity Duty Exemption is a benefit under RIPS 2024 where eligible industrial units get 100% exemption on electricity duty for 7 years. This reduces your operational costs significantly as electricity duty is a significant component of electricity bills.

Who is eligible for Electricity Duty Exemption?

Eligible entities include new industrial units, expansion projects, MSMEs, large industries, service sector units, and other eligible businesses that meet the investment and employment criteria under RIPS 2024 and have valid electricity connections.

What is the electricity duty exemption rate?

Under RIPS 2024, eligible units get 100% exemption on electricity duty for 7 years from the date of commercial production or commencement of operations. This applies to all electricity consumption for industrial purposes.

How long is electricity duty exemption available?

Electricity duty exemption is available for 7 years from the date of commercial production or commencement of operations, subject to compliance with RIPS 2024 terms and conditions and continued eligibility.

What documents are required for Electricity Duty Exemption?

Required documents include: Electricity connection certificate, electricity bills, investment proof, employment records, project completion certificate, and other documents as specified in RIPS 2024 guidelines.

Can Electricity Duty Exemption be combined with other RIPS 2024 benefits?

Yes, Electricity Duty Exemption can be availed along with other RIPS 2024 incentives like SGST reimbursement, capital subsidy, interest subsidy, and stamp duty exemption, providing comprehensive operational cost reduction.

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