Industrial and Financial Consultants in J&K
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Ours is a Jammu (India) based company engaged in providing reliable Industrial and Financial Consultancy Services in J&K. The company offers assistance to the promoters who desire to set up industrial units and other ventures in the state of Jammu and Kashmir. We undertake to provide requisite infrastructure and allied services to the prospective entrepreneurs for the installation of industrial units, i.e., from identification of land to commencement of commercial production. The firm facilitates joint venture partnership collaborations and acts as financial investment and management consultants. We also offer specialized services for effective internal control and inventory management.Highlights of Special Package of Industrial Incentives for the state of Jammu & Kashmir : Government of India, Ministry of Commerce & industry Department of Industrial Policy & Promotion has extended special package of industrial incentives for the state of Jammu & Kashmir to the Industrial Entrepreneurs. Central Capital Investment Subsidy Scheme- Micro, Small and Medium enterprises would be eligible for Capital Investment Subsidy of 30% of the investment of plant &machinery, subject to ceiling of Rs. 3.00 crore and Rs.1.50 crore for manufacturing and service sector respectively. Excise Duty-Excise duty exemption is available to new Industrial units in terms of Notification No 01/2010- Central Excise New Delhi 6th February 2010. Central Interest Subsidy Scheme- An interest subsidy of 3% on the average of daily working capital loan would be provided to all new industrial units for a period of five years from the date of commencement of commercial production /operation. Central Comprehensive Insurance Subsidy Scheme- An Insurance Subsidy on premium paid for insurance of fixed assets of the unit to the extent of 100% would be admissible during the extended package to all new units and to the existing units on substantial expansion for a period of five years from the date of commencement of commercial production. DG Sets : 100% subsidy on purchase/installation of D.G Sets from 10 KWs to 1000 KWs capacity with a maximum limit of Rs. 25.00 Lakhs. Testing Equipment : 100% Capital subsidy shall be provided by the Government on installation of testing equipment, subject to a maximum amount of Rs 25 Lacs. VAT : Small, medium & large scale industrial units shall be provided relief under VAT. Central Sales Tax : Exemption on sale of finished goods outside the state. Pollution Control Equipment : 30% subsidy, maximum amount of Rs. 20 lakhs. Toll Taxes : No additional toll tax on the raw materials, fuels consumable and finished goods Construction of a Captive Tube-well : 75% subsidy allowed, for a prestigious unit in any of the thrust area, maximum amount of Rs. 22.50 lakhs, over CIS. Brand Promotion : The assistance will be in the shape of subsidy at the rate of 50 % of expenses incurred in the first year subject to a limit of Rs 20 Lacs, 30 % of expenses incurred in the second year subject to a limit of Rs 15 Lacs and 10 % of expenses incurred in the third year, subject to a limit of Rs 10 Lacs. Pre-Investment Studies/Feasibility Reports : The expenditure incurred on such feasibility reports shall qualify for 100 % subsidy at the time of execution of the project subject to a limit of Rs 2.00 Lacs Price / Purchase Preference : Up to 15% price preference shall be available on the landed cost of the product to the local SSI units, in all Government Purchase. Exemption of Court Fee : Exemption from court fee for registration of documents relating to lease of land. Air Freight Subsidy : On Finish Goods and raw materials for any destination @ 50 % subject to a maximum of Rs. 5 Lakhs per year per unit Interest Subsidy for Technocrats : 5% interest subsidy on term loan. Research and Development (R&D) : 50 % subsidy shall be available for expenditure incurred on R&D through any reputed organization, subject to a maximum of Rs 5 Lacs 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 by the Govt. up to a maximum limit of Rs 5 Lacs. Transport Subsidy : This is Govt. of India scheme and shall continue as such.
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