Incentives Available to Industrial Units in J&K State are as under
Allotment of land at concessional rates in industrial areas on lease basis for 90 years
100% subsidy on project reports
30% capital investment subsidy on fixed capital investment, subject to maximum of Rs 30 lakhs
Units with the fixed capital investment of Rs 25 crores or above would be treated as prestigious units, and would be entitled for capital investment subsidy of Rs 60 lakhs
5% rebate on interest on working capital subject to maximum of Rs 10 lakhs per unit per year.
100% subsidy on purchase of new diesel generating sets of 0.1 MW to 1 MW
100% subsidy on purchase of quality control equipment's, subject to maximum of Rs 50 lakhs or 25% of the Fixed Capital Investment, whichever is less
Income tax exemption to all new units
Exemption of GST on purchase of Raw Materials by SSI units
No CST/GST to be charged on sale of finished goods by SSI units
Toll Tax exemption on import of raw materials and export of finished goods by SSI unit. Toll Tax exemption available to medium and large units on export of finished goods
No Toll Tax on Raw materials and finished goods for 100% EOUs
Units obtaining ISO 9000 certification are eligible for lumpsum incentive of Rs 1 Lakh
12.5% price preference to SSI units
90%Transport Subsidy available as per the scheme of Government of India
100% capital subsidy shall be provided
by the Government on installation on the testing equipment
subject to a maximum amount of Rs. 50 lakh and also
restricted to 25% of the total capital investment if
the cost of testing equipment exceeds 25% of the total
capital investment, provided that in case of the existing
units the same is installed within 31.03.2003 or in
case of the new units the same is installed within 5
years of its going into production 70% of the amount
shall be disbursed on installation & the balance
30% shall be disbursed after one year
The condition of 25% of the capital
investment shall not apply in case the amount of subsidy
involved does not exceed Rs. 5 lakh.
The units which obtain ISO 9000 certification
shall be entitled to a lump sum award of Rs. One lakh
or 100% of cost paid for such registration whichever
be higher subject to a maximum of Rs. 2.50 lakh provided
that such certification is obtained before 31.03.2003.
An existing unit which increases its
installed capacity by at least 25% or adds additional
line of manufacturing so as to increase its capacity
of turn-over by 25% in terms of volume or value of finished
goods shall be deemed to have gone for substantial expansion
and shall be entitled to the benefits on capital investment
on such expanded capacity as if the investment would
have been made in a new unit.
Investment
Incentives for Research & Development (R&D)
50% subsidy shall be available for
expenditure incurred on R&D through any reputed
organisation for any project undertaken on the sponsorship
of any existing or new unit subject to a maximum of
Rs. 5 lakh for each such project duly approved by the
government.
25% subsidy shall be available on
R&D expenditure of any unit, on non-recurring items
of expenditure, subject to prior approval of the project
by the government, upto a maximum limit of Rs. 5 lakh.
