The Department of Industries and Commerce, Govt. of Punjab on October 14, 2026, notified the Relaxation of Timelines and Conditions for Availing Fiscal Incentives under the Industrial and Business Development Policy, 2022.
The Government has relaxed certain timelines and conditions for availing fiscal incentives under the Industrial and Business Development Policy, 2022 (IBDP-2022) and the Detailed Schemes and Operational Guidelines (DSOG), 2018 under IBDP-2017. Under Clause 14.1(viii) of IBDP-2022, industrial units shall submit Annual Progress Reports (APRs) in the prescribed format within 12 months from the close of the relevant financial year during the production/incentive period. As a one-time relaxation, pending APRs up to FY 2024–25 may be filed by October 31, 2026, exclusively through the Fast Track Punjab Portal; offline submissions will not be accepted. Further, a one-time exemption from filing information on the MSME Databank has been permitted under Clause 6.4(ix) of DSOG-2018 and Clause 14.1(ix) of IBDP-2022 until the MSME Databank portal becomes operational. However, the next incentive for an industrial unit will be processed only after the required MSME Databank information has been filed, and no further extension will be granted.
[Notification No. - IND-INDU0MISC/291/2026/E-1214146/I/1516420/2026]
