Amendment status not verified — confirm the current text below against the official source.
Fiscal incentives It is the State’s endeavour to create a welcoming environment for investors and in order to pitch Punjab as an attractive destination for investors, the Government will implement fiscal incentives. Logistics has been identified as an eligible service enterprise (for MSME and Large categories) for Fiscal Incentives. Logistics is also one of the thrust sectors keeping in view its potential for future growth in the state and towards generation of employment. The State had envisaged Logistics Sector as a thrust sector and for the State shall continue to provide the following incentives: Investment subsidy by way of reimbursement of 100% net SGST on intra-state sales for 10 years with a cap of 125% FCI. 100% exemption from Electricity Duty for 10 years 100% exemption/ reimbursement from Stamp Duty on purchase or lease of land and building 100% exemption from CLU/ EDC 100% exemption from property tax for 10 years The benefits of this policy will also be extended to the existing units which would make at least 50% additional investment in fixed assets of the original Fixed Capital Investment (FCI). Note 1: Any exemptions/ incentives/ reimbursements mentioned in the policy shall only be extended to services pertaining to logistics. Note 2: Details of incentives mentioned in the policy will be as given and processed as per Industrial and Business Development Policy, 2017 which may be extended by the State or any subsequent policy that may supersede/ follow. 34 | P a g e Integrated Logistics & Logistics Park Policy 2023 8.1 MMLPs/ Logistics Units in Logistics Parks First 3 MMLPs/ units in logistics parks approved by the State will be treated as anchor units with the following fulfilment criteria: Sector Minimum FCI (Rs in crore) Or Minimum Direct employment generation MMLP/ Logistics Units in Logistics Park 100 250 The State will give the following special incentives to the Anchor Units apart from other fiscal and non- fiscal incentive, which the unit may be entitled to. SN Nature of incentive Extent of incentive 1 Investment subsidy by way of reimbursement of net SGST 100% reimbursement of net SGST for a period of 15 years subject to 200% of FCI in place of investment subsidy specified above 2 Exemption from CLU/ EDC 100% exemption from CLU/ EDC charges (except for commercial activities) 3 Employment Generation subsidy Employment Generation subsidy @ Rs. 36,000 per employee per year for a maximum period of 5 years and @ Rs. 48,000 per employee per year for a maximum period of 5 years for women and SC/BC/OBC employee provided that the employee must be certified by a Government or Government authorised agency. 4 Exemption from Electricity Duty 100% Exemption for 15 years for all new units from the date of release of electricity connection. 8.2 Logistics Parks Logistics Parks with minimum area of 25 acres will be allowed with a total investment of at least INR 25 crore. A minimum of 85% of the total area to be used for providing logistics services and within this 20% will be permitted for industrial activities. 10% of the total remaining area shall be allowed for residential purposes. For commercial activities, up to 5% of the total area shall be allowed. No CLU or EDC will be levied on logistics services, industrial and EWC residential components of Logistics Parks. 35 | P a g e Integrated Logistics & Logistics Park Policy 2023 8.3 Trucker Parks/ Wayside amenities The Government shall facilitate the development of Trucker Parks/ Wayside amenities with a minimum area of 10 acres, located along/ at a distance of up to 2 kms on either side of National/ State Highways. The developed of such Trucker Part/ Wayside amenities shall be provided with the following incentives: 100% exemption from CLU/ EDC 100% exemption/ reimbursement of Stamp duty The State permits Multi Modal Logistics Parks/ Logistics Parks to develop Truck terminal on the minimum 15% spare land already allocated for parking The key components for Trucker Parks/ Wayside amenities shall be as follows: S. No. Facility Origin / Destination Model Transit Model 1 Idle Truck parking space (at approx. 80 sqft/ truck) 5-10% >60% 2 Motel and commercial activities (restaurant & retail shops, repair and service station) – excluding fuel pump 5% 2-3% 3 Other allied activities: Transport operators office, bulk breaking yard, Cross Docking, Weigh Bridge, medical facility, fuel station, ATMs etc As per requirement As per requirement Note: Commercial activities (excluding fuel pump) shall be restricted to 5% of the total area for the Trucker Park/ Wayside amenity subject to prevailing CLU/EDC levies. The Charges LF/PF, SIF etc. along with norms & Building Rules shall be applicable on other components in idle truck parking like Motel and Commercial Activities (restaurant & retail shops, fuel pump, repair and service station). 36 | P a g e Integrated Logistics & Logistics Park Policy 2023 8.4 Specialised commercial vehicle fleets Incentives to Commercial Electric Vehicles for logistics (vehicles carrying goods) shall be as per the Punjab Electric Vehicle Policy. Further, there will be a 50% waiver of motor vehicle tax for 1st 1,000 non-EV Refrigerated vehicles (Reefer vehicles) intended to carry perishable goods. 8.5 Specialised Warehouses in Border districts Warehouses in border districts except the ones handling unprocessed and/ or non-packaged and / or non-value added food grains or commodities shall be 100% exempt from CLU/ EDC charges. The required road width for warehouse shall be 80 feet with minimum plot area of 1 hectare. 37 | P a g e Integrated Logistics & Logistics Park Policy 2023