GANGTOK, 01 Sept: The Sikkim High Court has dismissed a writ petition filed by Sikkim Conductors, an industrial unit manufacturing aluminum conductors, and further imposed a cost of Rs. 25,000 on it for not approaching the Court with clean hands and, as the Acting Chief Justice SP Wangdi observes, the petition itself not appearing to have been preferred on an honest foundation.
The manufacturing company had accused the State government, particularly the Commerce & Industries Department, of having reneged on its promises and assurances of providing land to set up the industrial unit and other commitments included in the Memorandum of Understanding signed between the State Government and GP Dalimia, the owner of the Jharkand-based company. The accusation was made in the backdrop of the package of incentives provided by the Government of India to industrial units setting up in Sikkim [as published in its new Industrial Policy of 2002]. The concessions and financial incentives included 100% Income Tax and Excise duty exemptions for a period of 10 years from the date of commencement of commercial production.
The manufacturing company had accused the State government, particularly the Commerce & Industries Department, of having reneged on its promises and assurances of providing land to set up the industrial unit and other commitments included in the Memorandum of Understanding signed between the State Government and GP Dalimia, the owner of the Jharkand-based company. The accusation was made in the backdrop of the package of incentives provided by the Government of India to industrial units setting up in Sikkim [as published in its new Industrial Policy of 2002]. The concessions and financial incentives included 100% Income Tax and Excise duty exemptions for a period of 10 years from the date of commencement of commercial production.
