Stamp Duty Refund Scheme

“Stamp Duty Refund Scheme”

Are you want to reinvest your investment?

Are you want to get Stamp duty refund on your Business property?

1. Have you started your Business After 1st Jan 2021?

 The Incentives under this policy applicable for business who start up their operations after Ist Jan 2021 and this scheme is valid for 5 years till 31^st Dec. 2025.

This scheme is for providing Stamp Duty refund paid on the purchase/leasing of land for establishment of enterprises/Industrial Estates/ industrial parks in identified category of blocks and shall remain in operation for a period of 5 years.

2. Your Business location falls under which Category ?

In order, to provide financial assistance in the form of refund of stamp duty paid, in order to grow the industries in the state in areas of ‘B’, ‘C’ & ‘D’ category blocks.

If you want to know about block category of your business, Kindly visit at-

https://kipfinancial.com/block-categorization-for-the-purpose-of-subsidy/

3. Eligibility Criteria for subsidy under this scheme.

All Micro, Small, Medium, Large, Mega Units (new and expansion/ diversification) coming into Commercial production after 01.01.2021 subject to negative list of industries as specified in the policy & Industrial park may apply for the said scheme.

The Industrial Units must comply with following conditions at the time of application:

• Unit should come into commencement production within 05 years from the date of purchase of land and the land should have been purchased prior to 31.12.2025.
• The unit should have filed IEM/Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM) on the portal for statistical purpose, at any stage.
• Unit should not have been placed in the restrictive list as notified by the State government from time to time.
• Unit should have obtained NOC/CLU from competent Authority, if applicable.
• The unit should be in commercial production.
• All the general category industrial units are also eligible for Stamp Duty Refund applicable to Micro, Small, Medium & Large category units, even if they are not covered under the thrus areas.
• The unit shall remain in production for a period of 05 years from the date of commercial production.
• In case of Industrial park, the Industrial Park/Estate should have been developed on minimum 25 acres land. The infrastructure should be developed within 05 years from date of purchase of land and the land should have been purchased prior to 31.12.2025.

4. Avail maximum subsidy benefit:

The following assistance will be provided under Stamp Duty Refund Scheme:

• Ultra-Mega Projects: The quantum of Stamp Duty Refund shall be decided by the Haryana Enterprises Promotion Board.

Cluster Establishment/ Relocation: Any cluster comprising of at least 10 enterprises, engaged in similar economic activity, being established or relocating from other countries/States to Haryana, shall be treated as a Mega Project provided it meets the criteria of FCI and a special package of incentives shall be decided by HEPB on the basis of Cost Benefit Analysis.

• Mega Projects: 100% refund of stamp duty in ‘D’ category blocks; 75% in ‘C’ category blocks and 60% in ‘B’ category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.
• Large Units: 100% refund of stamp duty in ‘D’ category blocks; 75% in ‘C’ category blocks and 60% in ‘B’ category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.
• Micro, Small & Medium Enterprises: 100% refund in ‘D’ category blocks; 75% in ‘C’ category blocks and 60% in ‘B’ category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.
• Thrust Sectors/Bio Energy Enterprises [MSME, Large, Mega]: 100% refund in ‘C’ and ‘D’ category blocks; 80% in ‘B’ category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.

Note: Registered Farmer Producer Organization (FPO)/ Integrated Pack Houses (having grading, sorting, packaging etc facilities) shall also be eligible.

• Electronics System Design & Manufacturing (ESDM) – Thrust Sector [MSME, Large, Mega]: 100% reimbursement of stamp duty for setting up units in ‘B’, ‘C’, ‘D’ category blocks on the meant for Industrial use, after commencement of commercial production within 05 years from the date of purchase of land.
• Data Centers and Co-Location Facility: 100% refund of Stamp Duty throughout the State.
• Import Substitution Enterprises [MSME, Large, Mega]: 100% refund in ‘B’, ‘C’ and ‘D’ category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.
• Essential Sector Enterprises: 100% refund in B, C & D category blocks on the land meant for industrial use, after commencement of commercial production within 5 years from the date of purchase of land.
• Industrial Park: 80% Stamp duty refund to the developer of Industrial Park/Estate in ‘C’ & ‘D’ category blocks.
• Service Enterprises: 50% refund of stamp duty in ‘C’ & ‘D’ category blocks and 30% in ‘B’ category blocks for new enterprise, after commencement of service within 5 years from the date of purchase of land.

      5. Check : Documents Required for Subsidy Claims

The following documents are required in order to apply for the scheme:

• Copy of IEM/Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM).
• Copies of Sale deed/lease deed registered with concerned sub-registrar showing the details of stamp duty.
• Mutation of the above sale deed/lease deed containing khasra numbers of theland.
• CA Certificate for Investment in Plant & Machinery (original value) and turn over.
• Copy of first Sale bill.

If you want to apply in stamp duty refund scheme, click at- https://forms.gle/vvMintTb3F8Fv4YY7

Or you may contact us at-

8683898080, 9017151780

KIP Financial Consultancy Pvt. Ltd.

DSB – 38, Red Square Market, Hisar – 125001 (HR)