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ABSTRACT Stamp duty - Instruments of sale, lease and lease-cum-sale of Industrial Plots/Sheds in Backward and most Backward Blocks executed by SIDCO, SIPCOT, TACID and other Industrial Estates formed with Government assistance- Extention of the concession of exemption from payment of Stamp Duty for one year from 25.1.2001 - Orders - Issued. COMMERCIAL TAXES DEPARTMENT G.O.Ms.No.95 Read:
1. G.O.Ms.No.2513, Revenue, dt:15.6.1974. ... ORDER: The Government have been granting concessions in stamp duty in respect of instruments relating to transfer of Industrial Plots and industrial Sheds executed by the Industrial Development agencies of the Government in the past more than 25 years. In the Government Order sixth read above orders were issued remitting stamp duty in respect of instruments executed by the SIDCO, the SIPCOT, the TACID and the Industrial Estates formed with the assistance of the Government and registered under the Companies Act, 1956 (Central Act I of 1956) or the Tamil Nadu Co-operative Societies Act, 1983 (Tamil Nadu Act 30 of 1983) relating to sale, lease and lease-cum-sale of the Industrial Plots and Industrial Sheds in Backward and Most Backward Blocks as mentioned in the Government Order second read above. This concession expired on 24th January 2001. 2. The SIPCOT, the SIDCO and the Director of Industries and Commerce have been requesting the Government to extend the concession of stamp duty exemption to all areas without restricting to Backward and Most Backward Blocks stating that the entrepreneurs can be motivated for starting Small Scale Industries only if the concession, is extended throughout the State. They have also requested to extend the concession for a further period of five years from 25.1.2001. 3. The Government after careful examination of the proposal have decided to extend the concession of exemption from stamp duty ordered in the Government Order sixth read above for a further period of one year from 25.1.2001 with the same restriction of applicability to Backward and Most Backward Blocks as ordered therein. 4. Accordingly the notification appended to this order will be published in the Tamil Nadu Government Gazette. This order issues with the concurrence of the Finance Department vide its U.O.No.2100/FS/P/2001, dt:12.7.2001. 5. The Works Manager, Government Central Press, Chennai is requested to send to Government twenty copies of the Tamil Nadu Government Gazette in which the notification hereto is published. (BY ORDER OF THE GOVERNOR) SHAKTIKANTA
DAS To The
Inspector General of Registration, Chennai-28. Copy to: The
Industries Department, Chennai-9. // Forwarded / By Order // SECTION OFFICER APPENDIX NOTIFICATION In exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of the Indian Stamp Act, 1899 (Central Act II of 1899), the Governor of Tamil Nadu hereby remits the duty chargeable under the said Act in respect of the instruments executed by the Tamil Nadu Small Industries Development Corporation Limited (SIDCO), the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT), the Tamil Nadu Corporation for Industrial Infrastructure Development Limited (TACID) and the Industrial Estates formed with the assistance of the Government and registered under the Companies Act, 1956 (Central Act I of 1956), or under the Tamil Nadu Co-operative Societies Act, 1983 (Tamil Nadu Act 30 of 1983), relating to sale, lease and lease-cum-sale of the Industrial Plots and Industrial Sheds in Backward and Most Backward Blocks as mentioned in G.O.Ms.No.41, Industries (MIG.2) Department, dt:18.3.1996. 2. The notification hereby made shall be deemed to have come into force on the 25th January 2001 and shall remain in force upto and inclusive of the 24th January 2002. SHAKTIKANTA
DAS // True Copy // SECTION OFFICER |
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