A waiver of electricity duty exempts businesses from paying taxes on their electricity consumption, providing cost relief for businesses with high power requirements. This subsidy is essential for energy-intensive industries such as manufacturing, textiles, and mining.

Benefits of Electricity Duty Waiver

• Cost Savings: Reduces recurring expenses, allowing businesses to allocate funds for expansion.
• Encourages Energy-Intensive Industries: Supports industries that rely heavily on electricity, promoting growth.
• Promotes Sustainable Practices: Encourages businesses to adopt energy-efficient methods by reducing energy costs.

Eligibility Criteria

• Sector-Specific Focus: Generally targeted at energy-intensive industries.
• Location Requirements: Waivers may be available only in specified zones or for specific types of projects.
• Energy Usage Thresholds: Minimum and maximum energy usage may be considered.

Conclusion

Electricity duty waivers provide a strategic advantage for energy-intensive businesses, helping them manage costs and remain competitive. BYC Advisors offers expert assistance to clients in applying for and maximizing the benefits of this waiver.