“Land Tax” means the tax payable under chapter VII of the Rajasthan Finance Act, 2006.
An Eligible Manufacturing Enterprise other than the enterprises as mentioned in part A of annexure IV appended to the scheme and the enterprises engaged in manufacturing of cattle feed/ poultry feed/ fish feed] shall be granted exemption from payment of 50 % of Land Tax for seven years.
An Eligible Service Enterprise shall be granted exemption from payment of 50 % of Land Tax for seven years
Exemption in cases of expansion and revival of sick industrial enterprises shall be provided only on the additional area of land on which land tax is payable after expansion or revival of the sick industrial enterprise, as the case may be, over and above the area of land on which such tax was payable and deposited (unless exempted under RIPS-2003 or RIPS-2010 or under this Scheme) into the government exchequer before expansion or revival of the sick industrial enterprise, as the case may be.
Claims for Exemption from Land Tax:
The enterprise making investment for setting up of a new enterprise or for expansion or for revival of sick industrial enterprise under the Scheme, shall submit a duly completed application in Form-I, appended to the Scheme, for availing of exemption from Land Tax, along with a project report duly certified by a Chartered Accountant [and a self-attested declaration in support of the facts of the application], to the Member Secretary of the appropriate Screening Committee. In case of revival of sick industrial enterprise, the enterprise shall also submit an undertaking that it shall provide employment to the extent of 50% in the first two years, of the maximum level of employment attained in the preceding 3 years from the date of its declaration as a sick industrial enterprise, followed by 100% employment within five years.