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Web Exclusive | November 2012

Nashik's solar energy users demand rebate in tax

Nashik Municipal Corporation (NMC) is contemplating to give concession to the industries in Satpur and Ambad industrial areas of Maharashtra Industrial Development Corporation (MIDC). Even the area industries have been demanding concessions in property tax for those using solar energy for industrial use.

NMC is yet to table the proposal at the next general body meeting NMC. NMC's Deputy Municipal Commissioner (Octroi), Haribhau Phadol, said that industries are already given 5 per cent concession in property tax for using solar energy.

Following the demand, NMC is planning to give 10 per cent concession. But NMC will have to get the approval of the general body. He said that after the general body approves it they may also have to seek the permission of the State government.

The NMC provides 5% concession to people using solar water heaters based on the State and Central government's policy to encourage use of renewable energy. Since March 2006, it has given concession to 3,434 property owners.

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