12. Definition and classification of industrial business

12.11 2.1 Definition

Industrial business for the purpose of this policy is any economic activity in which a person, firm or company produces goods or provides services for the purpose of earning income. will be considered.

12. 212. 2 Industrial businesses are classified based on the nature of production and services as follows:-

12.2.1 Industries based on agriculture and forest products. Businesses that are produced or processed from raw materials based on agriculture or forest products ,

12.2.2 Manufacturing industry is an industry that produces goods by using or processing raw materials or semi-processed raw materials or waste materials with added value as specified, 12.2.3 Exporting industries with their total Industries that export 51 percent or more of their production to foreign countries, 12.2.4 Energy-generating industries, industries that generate energy from water resources, wind, solar power, coal, natural oil and gas, liquefied natural gas and other sources, 12.2.5 Mining industries Metal and Non-Metallic Minerals (Metallic and Non-Metallic Minerals) and processing industries,

12.2.6 Tourism Industry Schedule to provide services to tourists Businesses mentioned in 2, 12.2.7 Construction industry Building and operating physical infrastructure Businesses mentioned in 3, 12.2.8 Information and communication technology industry Information, knowledge using technology for information collection, processing and transmission and providing communication services (Industrial businesses mentioned in Schedule 4, 12.2.9 Service Industry) Industrial businesses mentioned in Schedule 5,

12.312.3 Investment and nature Based on the classification of industries as follows:-

12.3.1 Micro Enterprises

For the purpose of this policy, micro enterprise means a business that fulfills the following conditions: A maximum of two lakhs excluding landIf the fixed capital investment is up to Rs., the entrepreneur is involved in self-management, the entrepreneur has up to 9 employees, the annual financial turnover is less than two million rupees, and if the engine equipment is used, the electric motor or other oil engine power capacity of such engine or equipment is more than 10 kW Reduced.

Explanation:

Despite fulfilling the above-mentioned conditions, industrial businesses that require permission, alcohol, beer, cigarettes, or other tobacco products are not considered small enterprises. Likewise, once an enterprise registered as a micro enterprise business is upgraded as another industry, that enterprise will not remain in the category of micro enterprise. 12.3.2 Traditional and other domestic industries (Traditional and Other Cottage Industries)

Using traditional skills and techniques, using tools and equipment based on local raw materials and local technology, related to the art and culture of the country and using electricity up to 10 kilowatts mentioned in Schedule 6 12.3.3 Small Scale Industries (Small Scale Industries)

Small scale enterprises and traditional and other cottage industries Apart from industrial businesses with fixed assets up to five crore rupees,

12.3.4 Medium Scale Industries

five crore 12.3.5 Large scale industries (Large Scale Industries)

Fifteen Industrial businesses with fixed assets exceeding crores of rupees, Explanation: 1) The fixed assets of the above-mentioned industries shall include the following movable or immovable assets. functions like),
(b) Terrestrial physical infrastructure (eg drainage, internal roads),
(c) Offices, factory buildings, warehouses, electricity distribution, water distribution systems and residential buildings,
(d) Device, equipmentTha tools,
(e) Means of Transport,
(f) Electricity, appliances and office equipment,
(g) furniture, fixtures and furnishings, communication systems and equipment,

2) technical consultation and supervision to be capitalized before investment in the industry or during the construction phase in addition to the assets mentioned in sub-section (1) Expenses, pre-investment and pre-operating expenses and capitalized interest during the construction period will also be called fixed assets of the industry.