Scheme for Financial Assistance to Integrated Logistics Facilities: Reimbursement of Stamp Duty

Description
The "Scheme for Financial Assistance to Integrated Logistics Facilities" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Integrated Logistics and Logistics Park Policy. Effective from August 2nd, 2021 to August 1st, 2026, this initiative aims to provide financial assistance to the private developer for developing Logistics Facilities and Logistics Park with all required infrastructure and logistic services. The component "Reimbursement of Stamp Duty", provides financial relief to developers who have paid Stamp Duty on the purchase of land required for a new unit/project. The scheme is aimed at promoting new developments by reducing the financial burden on eligible projects during their establishment phase.

Exclusions
• Developers are not eligible for reimbursement if the land is provided by the Government.
• Developers who have taken the land on lease or rental basis are ineligible.
• Developers who have not completed at least 40% of the sanctioned construction work are ineligible.

Definitions
Eligible Term Loan
(Source: https://ic.gujarat.gov.in/documents/commondoc/2024/Revised_Gui_eline_for_the_%20Scheme_for_Financial_Assistance_to_Integrated_Logistics_Facilities.pdf)

Date of Commencement of Operations
(Source: https://ic.gujarat.gov.in/documents/commondoc/2024/Revised_Gui_eline_for_the_%20Scheme_for_Financial_Assistance_to_Integrated_Logistics_Facilities.pdf)

Ineligible Expenditure
Following Ineligible Expenditure will not be eligible for any assistance:
Expenditures incurred towards the purchase of land and land development
Goodwill fees, Commissioning fees, Royalty, Preliminary & Pre-operative Expenses
Interest Capitalized, Technical fees/ Consultant fees, Working Capital
Any amount not specifically expressed as eligible investment or any other expenditure specified as non-eligible expenditure by the Sanctioning Authority/SLEC
(Source: https://ic.gujarat.gov.in/documents/commondoc/2024/Revised_Gui_eline_for_the_%20Scheme_for_Financial_Assistance_to_Integrated_Logistics_Facilities.pdf)

Benefits
• **Financial Assistance:** Developers can recover the Stamp Duty paid on the purchase of land for the project. - **Project-Specific Support:** Reimbursement is tied to the completion of specific project milestones (e.g., purchasing all required land and completing at least 40% of construction).

Eligibility Criteria
1. - Only new units/projects are eligible for this reimbursement.
2. - Developer is eligible for reimbursement of the Stamp Duty paid on the purchase of required land for the project during the operative period of the scheme.

Required Documents
• Copy of Constitution of Developer Company/Firm.
• (Legal entity registered as Proprietorship, Limited Liability Partnership, Co-operative Society, Companies registered under Companies Act, Trust.), OR
• Copy of GST Registration/Bank Certificate, in case of Proprietorship Firm.
• Copy of PAN Card of Developer Company/Firm.
• Authority Letter/Board Resolution for signing on behalf of Developer Company/Firm.
• Village Map of Land in which Project to be developed.
• (With Highlighted Survey/Block Nos.)
• VF-7 (Gaam Namuna No. 7) of Survey No. for Land in which Project to be developed.
• Copy of Index-2 for Land.
• (In case of Land is in the Name of Developer.), OR
• Copy of Notarized Lease Deed/Rent Deed/Agreement with owners of Land.
• (In case of Land is on Lease/Rental basis.)
• Copy of Proof for Ownership of Building.
• (In case of New and Unused Building is acquired by Developer.), OR
• Copy of Notarized Lease Deed/Rent Deed/Agreement with owners of Building.
• (In case Building is on Lease/Rental basis/GIDC Shed.)
• Copy of Sanction Letter for Term Loan.
• Copy of Term Loan Account Statement/Bank Certificate for 1st Disbursement of Term Loan.
• Lay-out of the Project.
• (Certified by Approved Civil Engineer/Architect.)
• Project Report.
• Notarized Affidavit.
• Duly attested Annexure for Land Details in Prescribed Format.
• Copy of Constitution of Developer Company/Firm (Legal entity registered as Proprietorship, Limited Liability Partnership, Co-operative Society, Companies registered under Companies Act, Trust), OR
• Copy of GST Registration/Bank Certificate, in case of Proprietorship Firm.
• Copy of PAN Card of Developer Company/Firm.
• Authority Letter/Board Resolution for signing on behalf of Developer Company/Firm.
• Village Map of Land in which Project to be developed (with Highlighted Survey/Block Nos.).
• Copy of Index-2 of Survey Nos. for Land purchased for the Project (In case of Land is in the ownership of the Developer).
• Copy of Registered Lease Deed/Rent Deed/Agreement with owners of Land, attached with Copy of Index-2 of the land owners/lessor/renter (In case of Land is on Lease/Rental basis).
• In case of Govt. land, Copy of Order/Allotment letter from concerned District Collector/relevant Govt. authority for the land allotted/transferred to developer for the Project.
• Copy of Proof for Ownership of Building (In case of New and Unused Building is acquired by Developer).
• Copy of Registered Lease Deed/Rent Deed/Agreement with owners of Building (In case of Building is on Lease/Rental basis/GIDC Shed).
• Copy of Permission/Consent by Gujarat Maritime Board (GMB) to construct Jetty on BOT (Build, Operate and Transfer) basis (In case of Non-Captive (Private) Jetties).
• Approval/Sanction Letter for terminal notified under Private Freight Terminal (PFT) Policy (In case of Private Freight Terminal).
• Copy of Sanction Letter for Term Loan (In case of Term Loan is sanctioned and Developer wants to opt for Interest Subsidy).
• Copy of Term Loan Account Statement/Bank Certificate for 1st Disbursement of Term Loan (If amount of Term Loan is disbursed).
• Approved Lay-out Plan and/or Buildings Plan from Concerned Govt. Authority for the Project.
• Estimation of Component wise Project Cost (as per Application Form) as per Prevailing SOR of concern Govt. Department or its undertakings.
• Detailed Project Report (Containing Background of Developer, Location of the Project, Facilities to be provided, Features and Scope of Logistics Facilities, Types of units/beneficiaries to be benefited, etc.).
• CA certified Net Worth Certificate of the Developer Company/Firm/Promoters.
• If you have applied to State Government for incentives/assistance under any other scheme of GOG for the same project, then provide Details (Details of Scheme, Registration, Sanction, Approval, etc. received under that scheme; Quantum of Assistance sanctioned, disbursed, if any).
• If you have applied to Central Government for incentives/assistance under any scheme of GOI for the same project, then provide Details (Details of Scheme, Registration, Sanction, Approval, etc. received under that scheme; Quantum of Assistance sanctioned, disbursed, if any).
• Notarized Affidavit.

Frequently Asked Questions
Q: What is the objective of the "Scheme for Financial Assistance to Integrated Logistics Facilities"?
A: The "Scheme for Financial Assistance to Integrated Logistics Facilities" under the Gujarat Integrated Logistics and Logistics Park Policy, provides financial support to private developers for creating logistics facilities and parks with the necessary infrastructure and services.

Q: What is the purpose of the "Reimbursement of Stamp Duty" component?
A: The scheme aims to provide financial relief to developers by reimbursing the Stamp Duty paid on the purchase of land for new units or projects.

Q: Who is eligible to apply for reimbursement under this scheme?
A: Developers of new units or projects who purchase land during the operative period of the scheme and meet other specified criteria are eligible to apply.

Q: Are existing units or projects eligible for this reimbursement?
A: No, only new units or projects are eligible for reimbursement under this scheme.

Q: Can developers apply for reimbursement if the land is leased or provided by the Government?
A: No, developers cannot claim reimbursement for land that is leased, rented, or provided by the Government.

Q: What is the operative period of the scheme?
A: The operative period refers to the timeframe during which the scheme is valid. Developers should contact the IC office for specific details.

Q: When can a developer apply for the reimbursement?
A: Developers can apply for reimbursement only after purchasing all the required land for the project and completing at least 40% of the sanctioned construction work.

Q: What happens if a developer submits incomplete documents?
A: If incomplete documents are submitted, the application may be delayed or rejected until all necessary documents are provided.

Q: Can reimbursement claims be made for multiple land purchases?
A: Yes, developers can claim reimbursement for multiple land purchases, provided they are part of the same sanctioned project and meet the eligibility criteria.

Q: Is there a deadline for submitting reimbursement claims?
A: Yes, claims must be submitted within the operative period of the scheme to be considered for reimbursement.

Q: How is the 40% construction progress determined?
A: The 40% progress is calculated based on the physical work completed against the sanctioned components under buildings, infrastructure, and other construction.

Q: What should developers do if their project is partially complete?
A: Developers can still apply for reimbursement as long as at least 40% of the sanctioned construction has been completed.

Q: What happens after submitting the registration application?
A: The Industries Commissionerate will scrutinize the application, request missing details within 15 days, and forward it to the concerned District Industries Centre for inspection.

Q: How is the inspection carried out?
A: The General Manager of the District Industries Centre conducts a site visit and prepares an inspection report.

Q: Who issues the Registration Certificate?
A: The Industries Commissionerate issues the Registration Certificate after reviewing the inspection report and adhering to the provisions of the GR and guidelines.