Revised procedure for applying under Rajasthan Investment Promotion Scheme

LegalitySimplified

The Government of Rajasthan vide circular dated 12.05.2022 has modified the Rajasthan Investment Promotion Scheme-2019 to clarify that the enterprises making new investment or investment for expansion under the
scheme, as the case may be, for reimbursement of 25% of Stamp Duty, shall submit a duly completed application in Form-S, appended to the Scheme, to the Member Secretary of the appropriate Screening Committee within 90 days of
the commencement of commercial production.

After determining the eligibility of the applicant enterprise, the committee shall approve the entitlement of the enterprise for the benefit, the Member Secretary shall issue Entitlement Certificate in Form-T, appended to the Scheme, and shall forward the copies to all concerned along with the relevant extracts of minutes ofthe meeting, immediately but not later than fifteen days from the date of decision taken by the committee in its meeting, unless specifically extended for reasons to be recorded in writing.

Where the committee is of the opinion that the enterprise is not eligible to avail the benefit of the Scheme, it shall provide an opportunity of being heard to the enterprise and shall record the reasons of rejection.

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