130. Termination of the eligible period for remission in case of a newly set up industrial unit

The eligible period commencing from the date referred to in rule 129 shall expire on the date of completion of the period specified in column (3) of the Table appended to sub-rule (2) of rule 128 or on the date on which the amount of tax remitted first exceeds the amount specified in clause (b) of sub-rule (2) of rule 128, whichever is earlier.