Industrialists have met the power secretary to express their reservations about the recent electricity tariff hike. P D Sharma,president of the apex chamber of commerce and industry,also attended the meeting. He said that the industry members highlighted all the major problems in the power sector. It is very unfortunate that a 4 paisa per unit surcharge has been kept secret while declaring the tariff, observed Sharma.
The retrospectivity of the new power tariff cannot be implemented in any manner. This was explained to Power Secretary Anurag Tiwari in no uncertain terms.
It was also suggested that the total revenue by way of new tariff may be realised in the remaining months of the year. so the new tariff can be made applicable from the present and not from April 1.
Sharma informed that Tiwari assured the Industry delegation that he would seriously work on this proposal. The apex chamber president elaborated the various taxes on power and their ever increasing rates.
The excise duty of 13 per cent is totally unjustified,he said,pointing out that the apex chamber has always been pleading for it to be made vat-able,.
The power secretary assured that he would work on a proposal under which 5 per cent of the excise duty would be realised from industrial consumers and the remaining will be available as output credit to industry.
In addition to excise duty,there is an octroi of 11 paisa per unit. Sharma apprised Tiwari that there is no octroi in Punjab and no other state levies octroi on power.
The power secretary was told by Punjab State Power Corporation Ltd (PSPCL) officials that only Rs 140 crore are realised from octroi and its removal should have no problem.
Sharma place great emphasis on the issue of unscheduled power cuts,On account of these cuts,industry has to depend on captive power which costs double the official rate,the apex chamber president pointed out.
The power secretary took serious note of this problem,informed Sharma.
North India Induction Furnace Association President K K Garg,Ludhiana Motor Parts Manufacturers Association President G S Kahlon and North India Induction Association General Secretary Dev Gupta too attended the meeting and put forward their views on the above lines.