jksicop

SICOP

J&K Small Scale Industries Development Corporation Limited

(A J&K Government Undertaking)

jksicop
Package of Incentives

Land Allotment

1

Land Allotment on lease basis for 90 years.

CAPITAL INVESTMENT

Subsidy

1

Capital Investment Subsidy to be replaced by Govt, of India Package. In respect of industrially backward areas existing scheme of 30% CIS to continue subject to a limit of Rs. 30 lac. Prestigious units to get CIS subject to a limit of Rs. 60 lac .Thrust Area industries to get CIS subject to a limit of Rs. 45 lac. This limit shall, however, be Rs. 75 lac in case the thrust area industry also falls in the category of prestigious industry.

2

75% subsidy on construction of captive tube well or building a captive water lifting plant subject to a limit of Rs. 22.50 lac.

3

For existing units, CIS limit of Rs. 30 lac for modernization of their units.

Brand Promotion

1

50% subsidy on expenses incurred on brand promotion in the first year subject to a limit of Rs. 20 lac,
30% subsidy on expenses incurred on brand promotion in the 2nd year subject to a limit of Rs. 15 lac.
10% subsidy on expenses incurred on brand promotion in the 3"" year subject to a limit of Rs. 10 lac.

PRE-INVESTMENT STUDIES

Feasibility Reports

1

100% subsidy on pre-investment studies/feasibility reports at the time of execution of the project subject to a limit of Rs.21 lac.

Subsidy On DG Sets

1

100% subsidy on new DG sets from 10 KW to 1000 KW capacity subject to a limit of Rs. 25 lac to be paid through Bank in the ratio of 50% after verification of installation of DG sets and balance 50% after 1 year provided the DG set is not shifted from the State for a period of 10 years.

PRICE / PURCHASE

Prefrences

1

15% price preference.

2

Purchase preference over outside state units if otherwise of equivalent quality and having enough registered capacity.

3

No brand to be indicated by the purchasing departments.

Earnest Money

1

50% of the amount of earnest money or Rs.5000/- whichever is lower.

Tender Document

1

50% of the cost of tender documents or Rs. 100/- whichever is lower.

Stamp Duty

1

Exemption from payment of stamp duty while executing mortgage deeds with financial institutions.

Court Fee

1

Exemption from payment of Court fee while registering lease deeds.

Toll Tax

1

No Toll Tax on Raw Materials, Fuels & Consumables purchased from outside the State upto 31.3.2015 except items on negative list.

2

No additional Toll Tax on finished goods manufactured by the existing or new SSI. Medium & Large Units and sent outside the State upto 31.3.2015 except for items on negative list.

3

No additional Toll Tax on components, machinery, plant and other equipment procured from outside the State for building the factory for a period of five years from the date of registration of the unit in SSI, Medium or Large Sector.

4

No additional Toll Tax on 100% export oriented units on the goods exported under proper export documents from the State to any Foreign Country.

5

No additional Toll Tax on empty containers used for stuffing products of industry for export out of the State.

General Sales Tax

1

Existing exemption of General Sales Tax to continue till VAT is implemented or upto 31.3.2015 whichever is earlier exception on items on negative list.

Central Sales Tax

1

Exemption from charging and payment of CST on sale of finished goods outside the state till 31.03.2015 except for items on negative list.

Interest Subsidy

1

The exiting system of interest subsidy to be replaced by GOI scheme.

2

3% interest subsidy to existing units and other new units not otherwise eligible under GOI scheme.

3

5% interest subsidy on term loan to technocrats.

Testing Equipment

1

100% subsidy on testing equipment subject to a limit of Rs. 25 lac but restricted to 25% of the total investment. The incentive shall be disbursed only after the unit availing the incentive obtains a National/International Quality Mark. In case incentive is availed under CIS scheme of GOI, deductions will be made from the amount due under the State Scheme.

Air Freight Subsidy

1

50% Air Freight subsidy on finished goods & raw rnaterials subject to a lirnit of Rs. 5 lac/annum.

Pollution Control Equipment

1

30% subsidy for purchase of Pollution Control Equipments subject to a ceiling of Rs. 20 lac per unit in addition to entitlement of CIS under Govt, of India scheme if it exceeds Rs. 30 lac limit of CIS notified by the Govt, of India. However, in case subsidy on such equipment is availed under CIS notification of Govt of India, the amount shall be reduced out of the entitlement under the State Scheme to that extent.

Research And Development

1

50% subsidy on expenditure incurred on Research & Development through any reputed Organization subject to a limit of Rs. 5 lac for each project approved by the Govt.

Human Resource Development

1

50%o of the cost of training to be borne by the Govt, subject to a limit of Rs. 5000/- per trainee and overall limitofRs. 1 lac per annum for any unit for a period of 5 years.In case of Women trainees such limit would be 75% or Rs. 7500 per trainee and over all limit of Rs. 1.50 lac/annum/unit.

2

50% of the cost of training for skill development leading to employment of the trainees shall be borne by the Govt, on approved programmes subject to a limitofRs. 5 lac/unit.In case of women trainees 75% of the cost of training for skill development leading to employment shall be borne by the Govt, on approved programmes subject to a limit of Rs. 7.5 lac.

Transport Subsidy

1

Transport subsidy @ 90% is available to all Industrial units for a period of five years from date of production in designated areas.

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