PLEDGE: Regarding Private Industrial Park Scheme

UTTAR PRADESH SHASAN STAMP EVAM REGISTRATION ANUBHAG-2 In pursuance of the provisions of clause ( 3 ) of Article 348 of the Constitution, the Governor is pleased to order the publication of the following English translation of Government notification no. 8/2023/486/94-S.R.-2-2023 dated 12 April, 2023 Notification Order No. 8/2023/486/94-S.R.-2-2023 Lucknow, dated 12 April, 2023 In exercise of the powers under clause (a) of sub-section (1) of section 9 of the Indian Stamp Act ,1899 (Act no. 2 of 1899) as amended from time to time, in its application to Uttar Pradesh read with section 21 of the General Clauses Act,1897 (Act no. 10 of 1897), the Governor, is pleased to remit the Stamp Duty, for establishing new unit/park under the PLEDGE: Scheme of Private Industrial Parks, in accordance with the purposes specified therein, to the limit as mentioned in column 2 of the table below in relation to the Instrument as shown in column 3 Purpose Exemption Limit Nature of Instrument PLEDGE: On purchase of land by private promoters under the scheme of private industrial parks. On the instrument of conveyance under Clause (a) of Article 23 of Schedule 1(b) of the Indian Stamp Act, 1899 PLEDGE: In the private industrial park developed by the promoter / developer under the scheme of private industrial parks, on purchasing or taking the industrial plot on lease. (A)In the Purvanchal and Budelkhand region -100% (B)In the Madhyanchal and Paschimanchal region (except for Gautam Budh Nagar and Ghaziabad)- 75% (C)In the Gautam Budh Nagar and Ghaziabad -50% On the instrument of conveyance under Clause(a) of Article 23 & Lease of Article 35 of Schedule 1(b) of the Indian Stamp Act The aforementioned exemption under this notification is subject to the following prohibitions /conditions: 1-The District Magistrate shall confirm in the Instrument of conveyance/ Lease that the deed is being executed under the “ PLEDGE: Scheme of Private Industrial Parks” and also signs as a witness for the said purpose. 2-The unit which has obtained the benefit of stamp duty exemption under any other policy shall not be eligible for a stamp duty remittance/ exemption under this policy and notification. 3-The implementation of the notified provisions shall be done according to the extant procedural guidelines issued by the Stamp and Registration Department. 4-The provisions mentioned in the above notification will be considered effective from the date of the Government order issued by the Administrative Department (M.S.M.E.) regarding the implementation of the policy. Explanation- For the purpose of this notification.- "Purvanchal" shall include the revenue divisions of Prayagraj, Varanasi, Mirzapur, Azamgarh, Basti Gorakhpur, Ayodhya and Devipatan. "Madhyanchal" shall include the revenue divisions of Lucknow and Kanpur and the "Bundelkhand" shall include the revenue divisions of Chitrakoot Dham and Jhansi. The revenue divisions of Agra, Aligarh, Moradabad, Saharanpur, Bareily & Meerut (except Gautam Budh Nagar and Ghaziabad districts) is included in “Pashimanchal” By order, Leena Johri Principal Secretary