Section 33: Guarantee of incentives, exemptions, facilities or concessions

1) No provision shall be made lessening the incentives, exemptions, facilities or concessions provided to an industry under this Act.

Provided that no provision of this section bars the provision of additional incentives, exemptions, facilities or concessions.

2) An industry that is in operation upon permission or registration under the Industrial Enterprises Act, 2073, prevailing immediately before the commencement of this Act, is entitled to the incentives, exemptions, facilities or concessions in accordance with that Act for which period is specified under that Act and to the incentives, exemptions, facilities or concessions under this
Act in the case of the incentives, exemptions, facilities or concessions for which the period is not specified.

3) An industry which was registered or has obtained permission before the commencement of this Act but commences its commercial production or transaction only after the commencement of
this Act shall be entitled to the incentives, exemptions, facilities or concessions under this Act.

Provided that if the period of incentives, exemptions, facilities or concessions under the prevailing law on industrial enterprises prevailing at the time of registration or permission of such industry exceeds the period of incentives, exemptions, facilities or concessions under this Act or if such incentives, exemptions, facilities or concessions are not available under this Act, the industry shall be entitled to the incentives, exemptions, facilities or concessions under then prevailing law on industrial enterprises.

4) The procedures relating to incentives, exemptions, facilities, or concessions to be provided to industries shall be as prescribed.