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Home India Ministry of Heavy Industries Gazette Guidelines for the Production Linke...

Guidelines for the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component

Date: 31st August 2023
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Ministry of Heavy Industries on 31st August 2023. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31082023-248462 CG-DxLx-xEG-I3D1H0x8x2x0 23-248462 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3696] नई दिल्ली, िरहस्ट्प जतवार, अगस्ट्त 31, 2023/भाद्र 9, 1945 No. 3696] NEW DELHI, THURSDAY, AUGUST 31, 2023/BHADRA 9, 1945 भारी...

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  • The gazette notification provides amendments to the Scheme Guidelines for the Production Linked Incentive (PLI) scheme for the Automobile and Auto Component industry. These amendments pertain to the definition and calculation of 'Domestic Value Addition' and introduce clarifications regarding Frequently Asked Questions (FAQs), Weighted Average Discount, and Non-Originating Material and Services.
  • Amendment to the definition of 'Domestic Value Addition' (Para 2.26): The term is now explicitly defined as the percentage of manufacturing activity undertaken in a specific part of the supply chain and will be certified by the Testing agency of the Ministry of Heavy Industries (MHI).
  • The formula for calculating Domestic Value Addition is provided: % Domestic Value Addition = [{Adjusted Ex-factory price of the product – (minus) Adjusted Import content} / Adjusted Ex-factory price of the product] x 100.
  • Definitions for 'Adjusted Ex-factory price of the product' and 'Adjusted Import content' are provided, including deductions for Total Exempted Import as per FAQs and Weighted Average Discount in excess of the dealer/ channel margin.
  • Clarification that CIF means Cost, Insurance, and Freight.

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