Sez act

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2014 As you know under sec.57 r/w Third Schedule of SEZ Act, 2005, a SEZ unit can claim stamp duty exemption.
For more clarity, I want to know whether a SEZ unit can claim stamp duty exemption for setting up its Registered office in DTA or outside SEZ area either on lease or purchase?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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11 January 2014 The State Government has exempted SEZ Developer from payment of stamp duty and registration fees on the lease/license of plots; [SEZ Rules -2006 (Rule 5(5a)]

Procedure for claiming Stamp Duty and Registration Fees Exemption Certificate
.
Concerned SEZ Developer / Co-developer / Unit shall apply to Commissioner for Industrial Development and Director of Industries and Commerce with following documents for issue of Stamp Duty and Registration Fees Exemption Certificate.
•
In-principle/Formal approval letter and notification issued by Government of India in case of Developer /Co-developer and approval letter from Unit Approval Committee in case of SEZ units.
•
Memorandum of Articles of Association/Partnership Deed
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Project Report
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IEM licence/registration for SEZ units.
•
HLC / SHLCC approval and Govt.Order
•
Land documents, of purchased /acquired land as mentioned in ClauseIII(2) of State Policy for SEZs in case of SEZ Developer/Co-developer
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Lease/Sub-lease deed in case of SEZ Units.
•
Loan documents for development of SEZ/unit
•
KSPCB clearance – CFE/CFO,if any.
•
Undertaking to abide the terms and conditions mentioned in the StatePolicy for SEZs 2009.
The Commissioner for Industrial Development and Director of Industries andCommerce has to scrutiny the above application and issue certificate as per
Annexure-5for SEZ Developer/Co-developer and
Annexure-6for SEZ Units.

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2014 Thank you very much sir for your valued comments, but while going through the provisions I could not find that whether SEZ Unit can ask for exemption for setting its Registered Office outside SEZ Area.

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