Goa State Logistics And Warehousing Incentives Scheme: Subsidy on Stamp Duty and Registration Charges

DETAILS The “Goa State Logistics and Warehousing Incentives Scheme” was launched by the Department of Industries, Government of Goa. The scheme aims to provide financial assistance for the development of the logistics and warehousing industry in the State. The “Subsidy on Stamp Duty and Registration Charges” component of the scheme provides financial assistance by reimbursing Stamp Duty and Registration Charges paid by prospective developers engaged in the establishment of Logistics and Warehousing projects. The scheme provides 100% reimbursement, capped at ₹10,00,000/- for Stamp Duty and ₹10,00,000/- for Registration Charges, available one time per component, applicable on eligible purchases or leases of land, buildings, or sheds. The scheme is implemented by The Directorate of Industries, Trade and Commerce (DITC). The applications for this scheme are accepted through the Goa Online Single-Window System. BENEFITS Stamp Duty Reimbursement: 100% subject to a maximum of ₹10,00,000/-. Registration Charges Reimbursement: 100% subject to a maximum of ₹10,00,000/-. The reimbursement is applicable on the purchase of land meant for use in logistics and warehousing. The subsidy covers Stamp duty for the lease of Land/Shed/Building paid for a year. Stamp duty is reimbursed in respect of bonds or mortgage deeds executed in favour of Economic Development Corporation Limited (EDC Ltd.) and scheduled commercial banks. Stamp duty is reimbursed for lease deed documents in respect of allotment of plots and sheds by Goa Industrial Development Corporation (GIDC). The reimbursement is applicable to all eligible New Entities and expansion/Diversification projects, regardless of whether the land paid for is Private land or Government land. The reimbursement is available one time for Stamp Duty and one time for Registration Charges. Eligible Entities must submit their claims in the prescribed application form (ANNEXURE-VIII) through the designated Goa Online Portal. Entities should only apply for the subsidy after the completion of construction of the project and the commencement of commercial operations. ELIGIBILITY The applicant must be an eligible Entity providing Logistics and Warehousing services in Goa. The applicant must own a business unit in Goa. The applicant must be a non-mega industry, meaning projects with investment less than ₹1,00,00,00,000/- and/or employment generation less than 1000 Goans. The applicant must have incurred the expenses for Stamp Duty and Registration Charges after the date of launch of the Logistics and Warehousing Policy 2023. The applicant must have provided a minimum of 40% local employment (Goan employees). The applicant must not have claimed a similar benefit under any other scheme/program of the State or Central Government. The applicant must apply for the subsidy only after the completion of construction of the project. The applicant must apply for the subsidy only after the commencement of commercial operations. The applicant must be a prospective developer engaged in the establishment of Logistics and Warehousing projects, as delineated in Table 6.1. The applicant must seek reimbursement for Stamp Duty and Registration Charges that have been duly paid to the State Registrar. Preference/Priority The benefits under this scheme are subject to first come first serve basis, contingent upon the availability of funds in a particular fiscal year. The applicant is eligible for 100% of the benefit amount if the quantum of Goan employment on payrolls is 60% or above. The applicant is eligible for 80% of the benefit amount if the quantum of Goan employment on payrolls is more than 40% but less than 60%.  Exclusions The applicant must ensure the Stamp Duty reimbursement sought is not for subsequent transactions, even in case of land purchases in open auction conducted by a financial institution. The applicant is ineligible if the quantum of Goan employment on payrolls is less than 40%.