J&K Industrial Stamp Duty Exemption

Under the J&K Industrial Policy 2021-30, units being set up in the Union Territory are entitled to a complete waiver of stamp duty and court fee.

The exemption stands at 100% and applies across all industries, commercial and institutional units included. When a unit buys or leases land, mortgages property in favour of a lender, or executes the instruments needed for project financing, stamp duty ranks among the larger transaction costs that cannot be avoided. Waiving it in full does away with an outlay that would otherwise fall due upfront, in cash, before the project has generated any revenue.

Court fee is covered by the same exemption.

1. Enrol the unit on the Single Window portal in accordance with the J&K Industrial Policy 2021-30. 2. File for the stamp duty exemption certificate prior to executing the instrument. 3. Provide the project particulars, land or lease details and the draft instrument. 4. Once the exemption order is issued, produce it at the time of registration so that no duty is charged. 5. Keep the exemption order along with your project records.

There is no competitive selection involved. Once the unit's eligibility under the Industrial Policy 2021-30 has been verified, the department issues an exemption order.