Subsidy on Stamp Duty Reimbursement under Haryana Electric Vehicle Policy, 2022

Subsidy on Stamp Duty Reimbursement under Haryana Electric Vehicle Policy, 2022

Dear Businessman/Investors,

Welcome in KIP’s Blog, today we are going to share with you a New Subsidy Policy i.e., “Subsidy on Stamp Duty Reimbursement under Haryana Electric Vehicle Policy, 2022”.

This scheme is notified on 3^rd November, 2022 and provide the stamp duty reimbursement to electric vehicle manufacturers, charging stations etc. The scheme is valid for next 5 years. Under this Scheme, Government focus to increase the manufacturing unit and encourage the private sector to invest in these projects and setup the unit. These Electronic vehicle are the future of the country which need to be setup in the large number with the support of Government as well as private sector.

Eligibility under  Stamp Duty Reimbursement:-

All units having business of Manufacturing Electric Vehicles, major components of EVs, batteries for EVs and charging infrastructure which have start its commercial production on or after 10.07.2022. The units shall also comply with following conditions:-

i. This scheme is applicable to new and existing units anywhere in B, C, and D blocks and / or in Govt. approved Industrial Estates / IMTs in Block A. Manufacturers of Electric (EV, BEV, FCEV) vehicles, charging infrastructure and EV/Hydrogen/Charging infrastructure component manufacturers, and providers of Charging / battery swapping infrastructure shall be eligible for this incentive.

ii.          The unit shall commence commercial production on or after 10.07.2022

iii.          The unit should commence commercial production within 05 years from the date of purchase of land.

iv.          The land should have been purchased prior to 9.07.2027.

v.          The unit shall file IEM/Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM).

vi.          The unit should not fall in the restrictive list as notified by the State Government from time to time.

vii.          The unit shall remain in production for a period of atleast 05 years from the date of commercial production or the charging station / battery swapping station shall provide services till atleast 5 years. The Joint Director/ Deputy Director, District Industries Centre shall conduct annual inspection of the unit to ensure that the unit is functional.

There are other many subsidy schemes under Haryana Electric Vehicle Policy, 2022 as Employment Generation, Net SGST paid, electricity duty, power tariff, from the date of commencement of commercial production.

So if you are going to plan for set up a New Business Unit then You should plan and kept on mind the above said policy.

At last, if you want to know more about New Businesses and Subsidies, Join our plan.

KIP: BUSINESS & SUBSIDY UPDATE PLAN– https://rzp.io/l/subsidyupdates

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