Monday, August 11, 2008

[Kumauni-Garhwali] Digest Number 1969

There is 1 message in this issue.

Topics in this digest:

1. Industrial Property for Sale
From: Munishwar N. Gulati


Message
________________________________________________________________________
1. Industrial Property for Sale
Posted by: "Munishwar N. Gulati" mngulati@hotmail.com mn_gulati
Date: Sun Aug 10, 2008 7:27 am ((PDT))

Property Type Industrial Plot on 30m wide road.
Property For Sale
Locality SIDCUL Integrated Industrial Estate
City Haridwar
State Uttarakhand
Plot Area 1000 sqmt.
Dimensions 40 m x 25 m
Covered Area Approx 4000 sqft.
Type of Structure RCC 14' high

Price LS 1.25 cr.

Key Features
Facing Direction East
Age of Construction 1 year
Transaction Type Resale
Nearby Landmarks Hero Honda,
Mahindra & Mahindra,
HLL ,
L&T,
ABB,
Kirby,
ITC,
Indo Asian,
Anchor,
Montex,
Lakhani,
Raja Biscuit etc.

Distance from Key Facilities

Hospital 2 kms.
Airport 30 kms.
Railway Station 5 kms.
School 0 kms.
City Center 5 kms.




Tax Benefits / FISCAL benefits / REBATES:

1. 100% Central Excise exemption for 10 years on items other then those mentioned in the negative list in the concessional industrial package announced by the Central Government.
2. 100% Income tax exemption for first 5 years and 30% for next 5 years for the companies and 25% for others.
3. CST @1% for 5 years.
4. Capital investment subside @15% with a maximum of Rs. 30 lakhs (Rs. 3 million).
5. Central transport Subsidy extended till 2007.
6. Exemption from entry tax on plant and machinery for setting up industry for undertaking substantial expansion and modernization.
7. Land use conversion and development charges and regime will be rationalized.
8. Stamp duty concessions will be provided in respect of land in specialized commodity parks, including I. T. parks.
9. Interest incentive @ 3% with a maximum of Rs. 2 lakhs per annum per unit shall be provided to New Small Scale Industries (SSIs) and existing SSIs for modernization and substantial expansion, provided they have availed loan from State level Financial Institutions or Banks operating in Uttarakhand and not defaulted in payment of principal or interest instalments. However, for S.S.I. units and units notified as Thrust Industries being set up in remote areas, the interest incentive shall be granted @ 5% with a maximum of Rs. 3 lakhs/annum. The interest incentive shall be admissible to the unit only if it remains in operation for a minimum of three years from the date of disbursement of last instalment, failing which the Government will have the right to recover the entire amount of incentive availed.
10. For the purpose of Interest Incentive, Substantial Expansion shall mean additional investment of not less than 25% of the undepreciated book value of plant and machinery of an industrial unit.
11. For a purpose of the Interest incentive, modernization of new existing Industrial units means additional investment to the extent of 25% of the undepreciated book value of plant and machinery, made in acquisition of plant and machinery and technical know-how for such modernization.
12. 100% exemption on Entertainment tax will be allowed for Multiplex projects in the State for a period of three years, and for all new amusement parks and ropeways for five years.
13. 75% of the Total Expenditure subject to a maximum of Rs. 2 lakhs incurred in obtaining national/internationally approved quality marks such as ISO series certificate etc., shall be reimbursed to the entrepreneurs provided that the reimbursement/ grant availed for this from all sources should not exceed the total expenditure on this head.
14. 50% of the expenses subject to a maximum of Rs. 1 lakh incurred in installing pollution control equipments shall be reimbursed to the entrepreneurs, provided that the total reimbursement/ grant availed for this from all sources should not exceed the total expenditure on this head.
15. 75% of the cost subject to a maximum of Rs. 2 lakhs shall be made available to the entrepreneurs in the shape of assistance for registering their patents, provided that the total reimbursement/ grant availed for this from all sources should not exceed the total expenditure on this head.
16. For educated unemployed youth, financial loan assistance for projects upto Rs. 2 lakhs in case of Manufacturing/Service Industry and projects upto Rs. 1 lakh in business sector shall be available under the "PRIME MINISTER ROZGAR YOJNA" with subsidy of 15% of the project cost subject to a maximum of Rs. 15,000. Age limit has also been relaxed under this scheme from 35 years to 40 years.
17. Industries generating employment opportunities shall be encouraged.
18. Matching State subsidy on approved projects of National Horticulture Board (NHB), Agricultural & Processed Food Products Export Development Authority (APEDA), National Medicinal Plant Board (NMPB) subject to a maximum of Rs. 20 lakhs and subject to a total subsidy not exceeding over 50% of the project cost.


Regards || Munishwar Gulati
9810626977
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