SR2 - X Plan Modernisation - Cenex[Revised-_01-02 - Rubber Board

SR2 – X Plan Modernisation – Cenex 27/06/03
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15. The applicant shall hypothecate the equipment/ machinery purchased and
any building constructed / work done under this scheme to the Rubber
Board for a minimum period of 10 years.
16. Notwithstanding the fulfillment of any or all of the conditions under these
rules, the Chairman, Rubber Board has discretionary powers to grant or
refuse the claim or to limit the assistance to a particular amount.
17. The Chairman, Rubber Board will have the powers to alter / modify any of
the provisions of these rules for the smooth operation of the scheme.
18. The actual release of the amount shall only be made on compliance with all
the formalities/conditions as stated above and on production of the
following documents:
a. Machinery – Quotation, evaluation statement, invoice, cash receipt,
proof of delivery, installation etc.
b. Details of cost of building / works with estimates, measurement and
bills
c. Installation of the machinery / equipment indicating basic price,
installation charges, transportation, taxes etc.
d. Entry of items in Stock Register/ Asset Register
e. Performance certificate by the Authorized Engineer of the Rubber
Board.
f. Interest Subsidy – Certificate from Financial Institution showing the
details of interest paid during the relevant period.
g. Reports/recommendations of the consultants engaged by the
processor.
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