Circular No.ES/74/2022-23 16th August 2022
To: Members of the Council
Sub: Settlement of cases under previous versions of TUFS (MTUFS, RTUFS & RRTUFS)
Dear Member,
We would like to inform you that O/o Textile Commissioner, Mumbai has issued Public Notice No.5(2)/Policy Matters/2021/RRTUFS/151 dated 12th August, 2022 on the above subject.
The Inter-Ministerial Steering Committee (IMSC) under ATUFS in its 6th meeting held on 28th April, 2022 had decided the following for ongoing claims of all previous versions of TUFS in which unit / bank has not submitted requisite documents/clarifications sought by the Head Office (HO) and Regional Office (RO) under O/o Textile Commissioner (TXC):
- Two reminders to the branch of the concerned bank with a span of 21 days to submit revised documents/clarifications will be sent by HO/RO – O/o TXC under intimation to the concerned Nodal O/o TUFS Cell of the Bank.
- A final notice by registered post with AD will be issued stating that within 21 days if the required reply/documents not received, the claim will be settled based on the documents available and provided by Joint Inspection Team (JIT) to the O/o TXC.
In pursuant of the above decision, HO/RO – O/o TXC has informed that –
- They have already issued reminders/letters to the concerned bank(s)/nodal bank(s)/unit(s).
- If the clarification /reply/revised documents are not received by HO/RO within 21 days from the date of the final notice, the subsidy fund received by the unit will be recovered with penal interest @10% p.a. from the date of receipt of subsidy by the unit through the concerned bank to the refund date as permissible under the rule of Govt. of India.
Further, to expedite settlement of long pending cases under previous version of TUFS, IMSC in its meeting held on 22nd July, 2022 had decided that –
- Units who have availed subsidy under the previous versions of TUFS (MTUFS, RTUFS & RRTUF) shall be issued two reminders seeking their willingness for physical verification of machinery/assets by JIT with a span of 21 days from the date of issue of letter by the concerned RO – TXC and a final notice by registered post with AD stating to communicate willingness within 21 days from the date of issue of final notice.
- Failing to non-submission of willingness for JIT inspection after 21 days from the date of issue of final notice by registered post, subsidy released to the unit through their leading agency (ies) will be recovered with penal interest @ 10% p.a. from the date of receipt of subsidy to the refund date.
Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR
