Rajasthan Investment Promotion Scheme – 2014 – 2nd Article

RAJASTHAN INVESTMENT PROMOTION SCHEME – 2014

SAILENT FEATURES OF RIPS – 2014

Benefits to Manufacturing Sector in Thrust Sectors

Manufacturing enterprises in the sectors mentioned hereunder shall be allowed benefits in addition to the benefits related to tax exemptions available to all enterprises.

Ceramic and Glass Sector

1.    Investment subsidy of 50% of VAT and CST which have become due and have been deposited by the enterprise for 10 years.
2. Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprise for 10 years.
3. For enterprises making minimum investment of Rs. 50 lakhs rupees in a ceramic hub as notified by Industries Department, the quantum of investment subsidy will be 65% of VAT and CST.

Dairy Sector

For Enterprise making minimum investment of Rs. 25 crore ‘

1. Investment subsidy of 50% of VAT and CST which have become due and have been deposited by the enterprise for 10 years.
2. Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprise for 10 years.
3. 50% exemption from payment of Entry Tax on Capital goods, for setting up of plant for new unit or for expansion of existing enterprise or for revival of sick industrial enterprise.

ESDM Sector [Electronic System Design and Manufacturing]

For enterprises making minimum investment of Rs. 25 Lakhs

1. Investment subsidy of 75% for first 4 years, 60% for next 3 years and 50% for the last 3 years of VAT and CST which have become due and have been deposited by the enterprise.
2. Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprise.
3. 50% exemption from payment of Entry Tax on capital goods for setting up of plant for new unit, or for expansion of existing enterprise or for revival of sick industrial enterprise.

Industrial Gases Sector

For Enterprises making minimum investment of Rs. 50 Crore

1. Investment subsidy of 60% of VAT and CST which have become due and have been deposited by the enterprise, for 7 years; and
2. Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprise, for 7 years.

MSME Sector

Manufacturing enterprises in the MSME Sector, following additional benefits are available.

1. For micro and small enterprises in rural areas, 75% exemption from payment of electricity duty.
2. Reduced CST of 1% against C Form, on sale of goods for a period of 10 years, for micro and small enterprises.
3. 50% exemption from payment of Entry Tax on raw and processing materials and packaging materials excluding fuel.
4. Reduced stamp duty of Rs. 100/- per document in case of loan agreements and deposit of title deed and lease contract and Rs. 500/- per document in case of simple mortgage with or without transfer of possession of property executed for taking loan for setting up of micro small or medium enterprises or enhancing credit facilities or transfer of loan account from one bank to another.

Pharmaceutical Sector

For Enterprises making minimum investment of Rs. 50 Crore and providing a minimum employment of 200 persons

1. Investment subsidy of 50% of VAT and CST which have become due and have been deposited by the enterprise, for 7 years; and
2. Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprises for 7 years
3. 50% exemption from payment of Entry Tax on capital goods for setting up of plant for new unit, or for expansion of existing enterprise or for revival of sick industrial enterprise.

Plastic to Oil manufacturing Sector

For enterprise making minimum investment of Rs. 1 Crore

1. Investment subsidy of 60% of VAT and CST which have become due and have been deposited by the enterprise, for 10 years; and
2. Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprises for 10 years
3. 50% exemption from payment of Entry Tax on capital goods for setting up of plant for new unit, or for expansion of existing enterprise or for revival of sick industrial enterprise.

Tourism Sector

1.    Investment subsidy of 50% of VAT and CST which have become due and have been deposited by the enterprise, for 7 years; and
2.   Employment generation subsidy upto 10% of VAT and CST which have become due and have been deposited by the enterprises for 7 years
3.     Reimbursement of 25% of amount of VAT paid on purchase of plant and machinery or equipment for a period upto 7 years from the date of issuance of the entitlement certificate.
4. Exemption from payment of 50% of entertainment tax for 7 years,
5. Exemption from payment of 100% of luxury tax for 7 years,
6. Land allotment in urban and rural areas at DLC rates.
7. 25% additional exemption from payment of stamp duty chargeable on the instrument of purchase or lease of more than 100 years old heritage property in the state.

8. 50% additional exemption from payment of conversion charges for heritage property converted into heritage hotel.