Investment Incentives Order, 2001 · s 81

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81.
Investment allowance
( 1)
The investment allowance granted under section 80 shall be a specified percentage not exceeding 100% of the amount (which may be subject to a specified maximum) of fixed capital expenditure incurred on each item specified by the
Minister under subsection (2) on an approved project if the fixed capital expenditure is incurred-
{a) within such period (referred to in this Order as the qualifying period), not exceeding 5 years, commencing from the investment day as the Minister may determine; and
{b)
in the case of a project under paragraph {g) of subsection (1) of section 80, within such period (hereinafter referred to as the qualifying period), not exceeding 11 years, commencing from the investment day as the Minister may determine.
(2)
The Minister-
{a)
shall specify the items of the fixed capital expenditure for the purposes of subsection ( 1); and
{b)
may specify the maximum amount of the investment allowance granted for the approved project.
(3)
Where any question arises as to whether a particular item qualifies as one of the items under paragraph {a) of subsection (2), it shall be determined by the Minister whose decision shalf be final.
(4)
In subsection (1), "specified" means specified by the Minister.

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s 81Investment allowance

( 1)

The investment allowance granted under section 80 shall be a specified percentage not exceeding 100% of the amount (which may be subject to a specified maximum) of fixed capital expenditure incurred on each item specified by the

Minister under subsection (2) on an approved project if the fixed capital expenditure is incurred-

{a) within such period (referred to in this Order as the qualifying period), not exceeding 5 years, commencing from the investment day as the Minister may determine; and

{b)

in the case of a project under paragraph {g) of subsection (1) of section 80, within such period (hereinafter referred to as the qualifying period), not exceeding 11 years, commencing from the investment day as the Minister may determine.

(2)

The Minister-

{a)

shall specify the items of the fixed capital expenditure for the purposes of subsection ( 1); and

{b)

may specify the maximum amount of the investment allowance granted for the approved project.

(3)

Where any question arises as to whether a particular item qualifies as one of the items under paragraph {a) of subsection (2), it shall be determined by the Minister whose decision shalf be final.

(4)

In subsection (1), "specified" means specified by the Minister.