Government Schemes

SEBI Settlement Scheme 2022

The Securities Exchange Board of India recently issued the SEBI Settlement Scheme 2022 in a public notification dated August 19, 2022. SEBI’s Settlement Scheme 2022 begins on August 22, 2022, and runs through November 21, 2022. Overview Following the expiration of the SEBI Settlement Scheme in 2020, a large number of organizations have filed an appeal with the Securities Appellate Tribunal (“SAT”) in Mumbai. In one instance, Shubham Singhal v. SEBI (SAT Appeal No. 191/2022, dated 13.05.2022), the Tribunal recently stated that the settlement program failed for two key reasons: The settlement terms may have been difficult, stringent, and unprofitable, and The strategy was implemented during the height of the Covid epidemic. In the aforementioned judgment, SAT directed SEBI to reconsider publishing a fresh plan. This gives rise to the need to bring a fresh Settlement Scheme which has come into existence in 2022, which is also known as SEBI’s Settlement Scheme, 2022. Purpose of SEBI Settlement Scheme 2022 he primary purpose of SEBI Settlement Scheme 2022 is to provide a settlement opportunity to the entity satisfying the following: The entity should have executed reversal trades in the illiquid stock options segment of BSE between the period 1st April 2014 to 30th September 2015  The entity against whom the proceedings have been initiated is pending before any forum or higher authority. Eligibility criteria under SEBI Settlement Scheme 2022 If an appeal has been filed and the case is still pending before the Securities Appellate Tribunal, the following entities are eligible to apply for the SEBI Settlement Scheme 2022: The company that executed reverse trades on the BSE’s illiquid stock options market between April 1st and September 30th, 2015 has been identified, processes have been initiated, and the matter is now being heard by one or more forums or authorities. Entity against which a penalty levying order was issued; however, the penalty was not paid, and hence recovery processes were initiated. SEBI Settlement Scheme, 2022 The Settlement Scheme, 2022 was announced in a public notice released by the Securities and Exchange Board of India on August 19, 2022. (“the Scheme”). The Scheme’s goal is to offer a settlement opportunity to entities who executed reversal trades in the BSE’s illiquid stock options segment between April 1, 2014, and September 30, 2015, and against whom proceedings have been initiated and are pending before any forum or authority, including courts, the Securities Appellate Tribunal (“SAT”), adjudicating officers, and recovery officers (provided an appeal has been filed and the same is pending before the SAT). An entity that wants to be settled under the Scheme must file a settlement application in the format required by the Scheme, which is available on the websites of SEBI and BSE. The application form must be submitted, and the supplied link must be used to pay the application fee and settlement sum online. There won’t be any tangible document that has to be produced. Applying under SEBI Settlement Scheme 2022 By following the below steps, the entity can apply under SEBI Settlement Scheme 2022 – STEP 1 – Go to https://siportal.sebi.gov.in/intermediary/AOPaymentGateway.html; STEP 2 – Under ‘Type of Category,’ select ‘Settlement Scheme’ by using the drop-down arrow; STEP 3 – Enter PAN and Captcha. Click ‘Go’; STEP 4 – Submit the following documents [scanned copy] – An application for settlement as per the format prescribed under Annexure-1; Copy of duly paid, notarized and stamped undertaking and waivers per the format specified under Annexure-2. It should be in non-judicial stamp paper; Self-attested copy of the PAN of the applicant. STEP 5 – Payment of settlement application registration fees. STEP 6 – Payment of settlement amount. Settlement application registration fees are payable under SEBI Settlement Scheme 2022 The entity applying under SEBI Settlement Scheme 2022 needs to pay applicable registration fees as under – INR 25,000 + GST @ 18% in case of body corporate; and INR 15,000 + GST @18% in case of individuals. The payment of such settlement application registration fees is to be paid using only payment mode as made available by the link https://siportal.sebi.gov.in/intermediary/AOPaymentGateway.html. Document Requirements for submitting a Settlement Application An entity must have the following documentation on hand before submitting a settlement application under the Scheme: Online submission of the following scanned documents: A replica of any waivers and commitments that have been duly notarized and rubber-stamped. A copy of the applicant’s PAN Card has also undergone self-attestation. Additionally, a settlement application copy has been confirmed as genuine. A certified true copy of each of the last three years Income Tax Returns. A functioning telephone number and email address If necessary, a certified copy of the order with the required documentation. The non-refundable registration cost for settlement applications is Rs. 15,000 for individuals and Rs. 25,000 for body corporations, plus GST at 18%. Lastly, the applicant must be paid the settlement amount specified. Important Points for Consideration A business does not have to resubmit an application fee if it had submitted a settlement application prior to the commencement of the SEBI Settlement Scheme 2022. The following steps should be taken by such an entity to resolve the conflict: Go to the official website. Additionally, choose “Settlement Scheme,” enter “PAN,” and Pay the compensation amount as agreed. If the designated entity does not utilize the SEBI Settlement Scheme, the securities legislation will still be implemented against it. After the settlement plan and record reconciliation are finished, the competent authority will finally issue a composite settlement order. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A

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GHMC Property Tax

GHMC or Greater Hyderabad Municipal Corporation has implemented one of the most accessible online systems for property tax payment. Hyderabad is the capital of Telangana state and the temporary capital of Andhra Pradesh state. Telangana state came into existence on June 2nd, 2014, with Hyderabad as the capital city. GHMC Property Tax Check Greater Hyderabad Municipal Corporation (GHMC) has implemented a completely online system for property tax status checking and property tax payment. There are no manual transactions in property tax, and everything from the issue of notices and receipt of payment has been made 100% online to ensure complete transparency. GHMC property tax can now be paid online or through one of the options below: Handheld machines of Bill Collectors which are integrated with the central server 72 Mee-Seva Centres in GHMC limits Citizen Service Centres in all 19 Circles and GHMC Head Office Online, NEFT and RTGS modes of payment and 537 branches of 8 Banks Check GHMC Property Tax Status Step 1: Visit the GHMC Property Tax Website Visit the GHMC property tax website. Click on the Know your Property Tax Dues section. Step 2: Select Search Your Property Tax In the Know your Property Tax Dues page, select the Search Your Property Tax on the left side menu. It will load the page below. In case one knows their GHMC PTI number, they can proceed directly to payment using the Property Tax Payment link. In the page, select the Circle in which the property is present and enter one of the following details: PIT Number Name of Owner Door Number Step 3: Select Your Property In the list of properties populated, select your property based on the name of the owner. Step 4: Verify Dues and Make GHMC Property Tax Payment The system will now show the entire amount of GHMC property tax due, arrears if any, and the total amount payable. Verify the amount, provide the mobile number and email and pay through Net Banking or Credit or Debit Card. FAQs What is GHMC property tax? GHMC property tax is a tax levied by the Greater Hyderabad Municipal Corporation on properties within its jurisdiction. It is a significant source of revenue for the corporation and is used for funding various civic amenities and services. How is GHMC property tax calculated? GHMC property tax is typically calculated based on factors such as the area of the property, its type (residential, commercial, etc.), age of the property, and its usage. The tax is calculated annually and can vary based on the specific regulations set by the GHMC. Who needs to pay GHMC property tax? All property owners within the GHMC limits are required to pay property tax. This includes residential, commercial, industrial, and vacant land properties. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

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License to manufacture rubber

Exporting products across the world has become easy and simple today. Export has increasingly become a key factor in strengthening the economy of any country – including India. The Government of India has also taken steps to promote exports across various sectors and product categories. For different products exported from India, there are a few dedicated Export Promotion Councils set up to support respective exporters and promote trade in the country. Similarly, the Rubber Board of India, a statutory body, was formed under the Rubber Act 1947 by the Government of India to accelerate the development of India’s rubber industry. The Rubber (Production and Marketing) Act was passed in April 19471. What was the Rubber Act 1947? The Rubber Act of 1947 was passed the aim of developing the rubber industry in the country, under the Union of the Rubber Industry. The act extends to all of India except Jammu and Kashmir2. Right after the commencement of this act, the Government of India formed the Rubber Board as the corporate body that has powers to make decisions in favour of the growth of the industry. What are the objectives and functions of the Rubber Board of India? Responsible for handling the development measures for the rubber industry.• Undertakes, assists and encourages logical and scientific research to advance the production process.• Provide timely training to students and enthusiasts on improved methods of planting, cultivation, manuring and spraying.• Provide technical assistance and guidance to the rubber growers.• Improve the market for rubber from India.• Collect useful statistics from the owners of estates, dealers and manufacturers.• Provide incentives and improve amenities to the workers in the rubber industry, along with ensuring better working conditions.• Ensure that the regulations and quality standards set by the board are followed.• Advice and inform the government on all matters related to the growth and advancement of the rubber industry.• Encourage participation on international conferences or events related to rubber.• Submit reports to the government mentioning updates on the activities of the board. What are the types of rubber under the Rubber Board? Natural rubber- This type of rubber is sourced from the rubber tree Hevea brasiliensis that grows in various climate and soil conditions along with an annual rainfall record of approximately 200 cm. The latex collected from this tree is up to 40% natural rubber, which undergoes further processing. This type of rubber usually caters to the automobile industry in manufacturing heavy-duty tyres. It is also used to manufacture bicycle tyres, foam mattresses, footwear, balloons and toys. Synthetic rubber- Made in chemical plants, synthetic rubber is a manmade alternative to natural rubber. Depending on the requirements of the end user, different quantities and types of monomers are used to create commercial synthetic rubber. It is a low-cost alternative material to natural rubber that finds its application in the production of tyres, casting moulds, carpet backing, sealing strips and in the making of thin gloves. Reclaimed rubber- The vulcanized rubber tyres, tubes and other rubber waste articles are treated under heat and chemicals to create reclaimed rubber. This type of rubber also finds its application in making inner tubes, tyre lining, tyre repair, retreading, general moulding, belting, adhesives, mastics, footwear, sheeting, matting, belting, cable bedding compound and sound reduction. What are the types of Rubber Board licenses? Dealer’s license:- Any person who deals in purchasing or selling rubber must apply for this license in form B. The application must have documentary evidence of the right of possession of the business premises attached. The payment for the application can be filled online by transfer or demand draft. If the board verifies the application, then the license is issued for a period of three years. Processor’s license:- If you wish to acquire rubber for processing or want to sell processed rubber, then you must apply for this license in form B1. Some of the documents required for filing this application are: 1. Self-attested copy of the address proof2. Documentary evidence to prove the right of possession of the factory premises.3. Valid consent from the Pollution Control Board4. Valid license from the Panchayat/Municipality5. A project report of the plant process.The application must be submitted with all the above-mentioned documents along with the application fee. The board verifies the application and issues a license in the form C1. Manufacturer’s license:- If you want to start your business by manufacturing any rubber-related product, you must apply for the manufacturer’s license in form E. This license is also valid for three years and can be renewed before the expiry. The documents required to apply for this license are similar to the ones mentioned above. FAQs Where is the Rubber Board of India situated? The Rubber Board of India is headquartered in Kottayam, Kerala. How many rubber institutes are there in India? In India, there are nine research institutes, seven regional and two heaven breeding sub-stations, along with one Central Experimentation Station next to RRII. Which regulatory authority governs the issuance of licenses for manufacturing rubber products in India? The issuance of licenses for manufacturing rubber products in India is governed by various regulatory bodies depending on the type of rubber products being manufactured. For example, the Ministry of Micro, Small, and Medium Enterprises (MSME) regulates small-scale industries, while larger industries may require clearance from other agencies such as the Pollution Control Board, Bureau of Indian Standards (BIS), etc. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration

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Certificate to Mini Tea Factory

In order to offer financial assistance and improve the competence of the tea industry, the Tea Development & Promotion Scheme (TDPS) was launched by the Tea Board of India. Tea is one of the industries, which by an Act of Parliament comes under the control of the Union Government. The present Tea Board set up under section 4 of the Tea Act 1953 was constituted on 1st April 1954. There are 7 supporting schemes under TDPS and let’s have a look at how the assistance is provided for Plantation Development through Tea Board. Below listed are the schemes which are covered under TDPS: Plantation Development Quality Upgradation and Product Diversification Domestic and International Market Promotion Research and Development Human Resource Development National Programme for Tea Regulation Establishment Expenses Plantation Development The first component of the Tea development & Promotion Scheme is aimed at increasing overall tea production, boosting the productivity of tea gardens, and improving the quality of Indian tea. It covers both big growers (owning more than 10.12 hectare) and small growers (owning up to 10.12 hectare). The following are the sub-components involved are:   For both big and small growers Replanting & Replacement planting Rejuvenation pruning Irrigation Mechanization Organic Certification (plantation) For big growers only Annual award   For small growers only Assistance to Self Help Groups (SHG) Assistance to Farmers’ Producers Organizations (FPO) Annual Award Scheme for SHGs and FPOs Setting up of new factories by FPOs Setting up mini-factories Traceability and publication of newsletters Workshop/training Study tour Strengthening field offices Organic Conversion Special Packages for North East, Idukki, Kangra and Uttaranchal General Process of Availing Financial Assistance Application forms must be submitted to the nearest field office of Tea Board at least 30 days prior to starting field activity. Forms are available at all Tea Board offices and online at the official website http://www.teaboard.gov.in Pre-approval inspection will be carried out by the Tea Board Pre Activity Acknowledgement Receipt will be issued. Field activities can be commenced at this stage Post activity documents must be submitted to Tea Board after the work is done First inspection/post activity inspection will be carried out Tea Board Proper maintenance of areas must be intimated to Tea Board within specified time schedule by Big Growers Final inspection to be carried out by Tea Board General Eligibility Conditions Applicants must satisfy the following conditions that are common for all the sub-components mentioned above, Big growers’ tea gardens must be registered with the Tea Board of India. Small growers (including members of SHGs and FPOs) must possess either an ID card issued by the Tea Board or a unique identification number and also present documentation supporting their ownership of land. Possession certificates from relevant land revenue department shall be accepted in absence of title deeds. Applicants must be current members of TRA (for tea gardens of North India) or UPASI-TRF (for tea gardens of South India) at the time of application. Growers with holdings less than 50 Ha are exempt. Full subscription fee must have been paid to the National Tea Research Foundation. Small growers, identified sick tea gardens, holdings less than 50 Ha, and gardens without tea factory are exempt. During the time of application and release of subsidy, the provident fund liabilities of the garden must not be in excess of Rs.10000. In case the limit is exceeded, the application must be accompanied by a court decree or written consent from relevant PF authorities for disbursing PF dues in instalments. This condition is not mandatory for small growe The applicant must not be at default in repayment of any of the Tea Board’s earlier loan schemes. Abandoned tea areas shall be eligible only after the submission of a fitness certificate issued by TRA/UPASI-TRF/IHBT. Applicants must comply with all relevant provisions of the Tea Act and other orders from the Tea Board. Violation will invite recovery of the subsidy granted along with 12% interest per annum. Big growers must attach a Plant Protection Code (PPC) compliance certificate issued by TRA or UPASI-TRF. For small growers, the compliance certificates will be issued post pre-approval inspection by a Development Officer of the Tea Board. Non-refundable application fee of Rs.5000 must be remitted electronically to the concerned bank account of the Tea Board by big grow transaction receipt must accompany the application. Small growers must pay a fee of only Rs.100. Only one application per activity per applicant shall be submitted. In case of an additional application for the same activity, it will be clubbed with the first application and then considered, provided all conditions of the scheme are satisfied. Quantum of Assistance for Sub-Components Replanting and Replacement Planting The subsidy will be 25% of the total cost and will be released in two installments. The 1st installment will cover 60% of subsidy and the 2nd installment will cover 40% of subsidy. Note: Unit cost of Tamil Nadu will apply to Karnataka; Unit cost of Darjeeling will apply to Himachal Pradesh and Uttarakhand; Unit cost of Dooars & Terai will apply to Chhattisgarh Rejuvenation Pruning and Infilling The subsidy will be 30% of the total cost and will be released in two installments. The 1st installment will cover 60% of subsidy and the 2nd installment will cover 40% of subsidy. Irrigation (Cost of transport not eligible) The subsidy will be 25% of the total cost and will be released in two installments. Mechanisation Following machinery, items are eligible for 25% subsidy, subject to ceiling limits and excluding any transportation charges. Equipments Ceiling Limit (Rs.) Pruning machine 25000 Mechanical harvester 40000 Pitting augur 20000 mounted power sprayer 10000 soil injector 6000 soil augur 2000 Annual Award For big gardens: One lakh rupees every year for every region. Organic Certification 50% of only certification cost, including renewals, capped at 2 lakh rupees per certificate. Assistance to SHGs Item Unit Cost (Rs.) Weighing scale 100% of cost subject to a ceiling limit of Rs.4000 per scale Plastic crate Ceiling limit Rs.350 per crate Nylon bag Ceiling limit Rs.75 per nylon bag Pruning machine

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Application for Extension of Letter of Permission (LOP) for EOU

Export Oriented Units (EOUs) have been defined under the Foreign Trade Policy (FTP) as those units undertaking to export their entire production of goods and services (except permissible sales in Domestic Tariff Area (DTA) for manufacture of goods, including repair, re-making, reconditioning, re-engineering, rendering of services, development of software, agriculture including agro-processing, aquaculture, animal husbandry, biotechnology, floriculture, horticulture, pisciculture, viticulture, poultry and sericulture). Trading units are not covered under the EOU. EXPORT ORIENTED UNITS INTRODUCTION The Export Oriented Units (EOUs) scheme, introduced in early 1981, is complementary to the SEZ scheme. It adopts the same production regime but offers a wide option in locations with reference to factors like:- 1. Source of raw materials, 2. Ports of export, hinterland facilities, 3. Availability of technological skills, 4. Existence of an industrial base and 5. The need for a larger area of land for the project. OBJECTIVES 1. To increase exports, 2. Earn foreign exchange to the country, 3. Transfer of latest technologies 4. Stimulate direct foreign investment and 5. To generate additional employment. ELIGIBILITY Units undertaking to export their entire production of goods and services, *except permissible sales in the DTA, as per this Policy, may be set up under the Export Oriented Unit (EOU) Scheme, Electronic Hardware Technology Park (EHTP) Scheme or Software Technology Park (STP) Scheme for manufacture of goods, including repair, re-making, reconditioning, re-engineering, and rendering of services.  No trading units shall, however, be permitted. INCENTIVES AVAILABLE TO EXPORT ORIENTED UNITS Various incentives/facilities available to EOUs, in brief, are as under:- (i) Duty free imports or procurement from Bonded Warehouse /International Exhibitions of inputs, consumables, office or other capital goods (including second-hand Capital goods) etc. [vide notification No. 52/2003-Customs, dated 31.03.2003]. (ii) Procurement of goods from Domestic Tariff Area without payment of Central Excise duty [vide notification No. 22/2003-Central Excise, dated 31. 03.2003]. (iii) Supplies by DTA manufacturer are eligible for deemed export benefits under Chapter 8 of FTP, which include drawback, refund of Terminal Excise Duty and Issuance of Advance Authorisation enabling duty free import to the DTA supplier. (iv) Full reimbursement of Central Sales Tax on goods purchased from DTA against C-Form for manufacture of goods for export. (v) Export Income exempted from payment of Income Tax (upto 31.3.11). (vi) DTA Sale (including advance DTA sale) upto 50% of F.O.B value of exports (i.e. Physical Exports) permitted on payment of Concessional rate of Central Excise duty[vide notification No. 23/2003-Central Excise, dated 31.03.2003]. (vii) Only positive net foreign exchange earnings (NFE) to be achieved over a period of five years. (viii) Duty free goods (except Capital Goods) to be utilized over a period of 3 years. (ix) Export proceeds to be realized within a period of 12 months. Retention allowed upto 100% of export earnings in EEFC Account. (x) Supplies made in DTA under Paragraph 6.9 of FTP & Supplies to other exporting units/Bonded Warehouse are counted for the purpose of fulfillment of positive NFE  (xi) Goods allowed to be supplied duty free in DTA against Advance Authorization/ DFIA issued by DGFT. (xii) Job-work/sub-contracting for or from DTA permitted subject to fulfillment of certain conditions. (xiii) Import/export of goods including precious goods permitted through personal carriage & Foreign Post Office. (xiv) FDI upto 100% permitted as per the guidelines of Department of Industrial Policy and Promotion. (xv) Exemption from Industrial Licensing for manufacture of items reserved for SSI sector. (xvi) Software Units allowed touse computer systems for training purposes (including commercial training). (xvii) EOUs allowed to install one fax machine and two computers outside the bonded area of the unit. (xvii) Depreciation upto 100% permissible on capital goods. On debonding, the duty to be paid on the depreciated value of the capital goods. LOCATION FOR EOU EOUs can be set up anywhere in the country and may be engaged in the manufacture and production of software, floriculture, horticulture, agriculture, aquaculture, animal husbandry, pisciculture, poultry and sericulture or other similar activities. However, it should be noted that in case of large cities where the population is more than one million, such as Bangalore and Cochin, the proposed location should be at least 25 km away from the Standard Urban Area limits of that city unless, it is to be located in an area designated as an “industrial area” before the 25th July, 1991. Non-polluting EOUs such as electronics, computer software and printing are exempt from such restriction while choosing the area. Apart from local zonal office and state government, setting up of an EOU is also strictly guided by the environmental rules and regulations. Therefore, an even if the EOU unit has fulfilled all locational policy but not suitable from environmental point of view then the Ministry of Environment, Government of India has right to cancel the proposal. In such situation industrialist would be required to abide by that decision. UNIT APPROVAL COMMITTEE (UAC) For setting up a unit under EOU Scheme, approvals are given by the Unit Approval Committee, which is headed by the jurisdictional Development Commissioner and consists of SEZ officers, officers of the State Govt., and officer of jurisdictional Central Excise Commissionerate as members. Powers of the Unit Approval Committee, in brief, are as under:- 1. To consider application for setting up an EOU under the automatic route. 2. To consider and permit conversion of EOU to SEZ unit. 3. To monitor the performance of EOUs. 4. To grant all approvals and clearances relating to the establishment, changes in 5. constitution or activity, operation of EOU and take action for violations, if any. 6. To perform any other function as may be delegated by the Central Govt./State or its agencies. APPLICATION /APPROVAL For setting up an EOU, the procedure is as follows: 1. For setting up an EOU application shall be file in ANF 6A (Applications should be in triplicate) to the Development Commissioner Officer. 2. Application shall be file alongwith a crossed Demand Draft of Rs. 5000/- drawn in favor of the pay & accounts, officers, Ministry of Commerce & Industry, Department of Commerce,

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Indian Footwear and Leather Development Programme (IFLDP)

Ministry of Commerce & Industry has approved the continuation Indian Footwear and Leather Development Programme (IFLDP) with an outlay of Rs. 1700 Crore till 31.03.2026. IFLDP aims at the development of infrastructure for the leather sector, addressing environmental concerns specific to the leather sector, facilitating additional investments, employment generation, and increase in Leather production.  The objective of the IFLDP The key objective of the Indian Footwear and Leather Development Programme (IFLDP) is as follows: One of the primary objectives of the IFLDP is the development of infrastructure for the leather sector IFLDP aims to address environmental concerns specific to the leather sector To facilitate additional investments Employment generation is also a key objective of the Indian Footwear and Leather Development Programme The program aims to increase the production of Indian Footwear and Leather Features of the IFLDP The key feature of the Indian Footwear and Leather Development Programme (IFLDP) is as follows: Sustainable Technology and Environmental Promotion will receive a big boost under the Indian Footwear and Leather Development Programme (IFLDP) Renewed focus to be placed on integrated development of the leather sector IFLDP will enable the creation of world-class infrastructure to cater to the domestic market and exports 10 Indian footwear design studios will be developed under IFLDP Brand Promotion of Indian Brands in Leather and Footwear Sector to be one of the major focus areas of the IFLDP The benefit of the IFLDP he IFLDP has a direct benefit towards quality employment generation especially for women, skill development, decent work, making the industry more environments friendly Indian Footwear and Leather Development Programme will promote a sustainable leather production system The leather clusters located in different parts of India will accrue benefits in terms of reduction of poverty, gender equality, sector-specific skill/education, etc., thus touching many of the Sustainable Development Goals (SDGs). National Development Plans (NDP) such as economic growth, reduction in poverty, generation of employment, quality education/skills, gender equality, good health and well-being, infrastructure development, affordable and clean energy, and other environmental benefits will be well-served by the IFLAD Programme Tenure of the scheme The Central Government has approved the continuation of the Central Sector Scheme ‘Indian Footwear and Leather Development Programme (IFLDP)’ with an approved expenditure of Rs.1700 crore till 31.03.2026 or till further review, whichever is earlier. Sub-schemes of Indian Footwear and Leather Development Programme Sustainable Technology and Environmental Promotion (STEP) Integrated Development of Leather Sector (IDLS) Mega Leather, Footwear and Accessories Cluster Development (MLFACD) Establishment of Institutional Facilities Brand Promotion of Indian Brands in Leather and Footwear Sector Development of Design Studios Sustainable Technology and Environmental Promotion (STEP) Special Purpose Vehicle constituted for each CETP under Sustainable Technology and Environmental Promotion would be assisted with a limit of Rs.200 crore. The rate of assistance is @ 80% of the total project cost for Northeastern Areas with industry’s/beneficiary share to be 20% of the project cost The rate of assistance is @ 70%  of the total project cost for other areas with industry’s/beneficiary share to be 30% of the project cost Integrated Development of Leather Sector (IDLS) sub-scheme As part of the Integrated Development of Leather Sector (IDLS) sub-scheme, Assistance would be provided to the sectoral units for their modernization/capacity expansion/technology up-gradation on or after 01.01.2020. The Assistance will be provided @30% to MSME units and 20% to other units. Financial assistance is being proposed to North-Eastern Areas also @40% of the cost of plant & machinery to MSME units Financial assistance is being proposed to North-Eastern Areas also @ 30% of the same to other units with additional 5% financial assistance for the domestically manufactured plant and machinery. Maximum assistance will be provided upto Rs.15 crore per product line keeping in view 5 times increase in the upper limit of investment in Plant and Machinery by MSME Establishment of Institutional Facilities Setting up of International Testing Centre, Sports Complex, and replacement of conventional light fixtures with LED lights and construction of girl’s hostel in FDDI campuses are planned under the Establishment of Institutional Facilities. Mega Leather Footwear and Accessories Cluster Development (MLFACD) sub-scheme The MLFACD scheme aims at world-class infrastructure and to integrate the production chain in a manner that caters to the business needs of the leather and footwear industry to cater to the domestic market and exports. Graded assistance is proposed to be provided @50% of the project cost or @70% of the project cost in Northeastern areas, for land development, core infrastructure, HRD, and social infrastructure, production facilities including ready to use sheds with plug and play facility, R&D support and export services excluding the cost of land with maximum Government assistance being limited to Rs. 125 crore. Brand Promotion of Indian Brands in Leather and Footwear Sector As part of the Brand Promotion of Indian Brands in the Leather and Footwear Sector, The assistance will be provided at a rate of  50% of the total project cost subject to a limit of Rs 10 crore for each brand in the next three to promote 10 Indian brands in the International Market in 3 years. The designated agency to implement the sub-scheme is being proposed to be selected amongst institutes like NID, NIFT, IBEF, IIFT, or Institutes of similar standing. Development of Design Studios Development of Design Studios is a new sub-scheme. Assistance would be provided to develop 10 Indian design studios. The studios will promote marketing/export linkages, facilitate buyer-seller meets, display designs to international buyers, and work as an interface for the trade fairs. Design Studios will be kind of ‘one-stop- shop’ providing a wide range of services: design, technical support, quality control, etc. Institutes like FDDI, CLRI, NID, NIFT, IBEF, IIFT or institutes of similar standing or any large units of the industry or group of industry would be the implementing agencies A total approved outlay for Sub-schemes of IDLS Sl.No Scheme Proposed outlay 1 Sustainable Technology and Environmental Promotion (STEP) Rs.500 crore 2 Integrated Development of Leather Sector (IDLS) sub-scheme Rs.500 crore 3 Establishment of Institutional Facilities (proposed outlay Rs.200 crore)

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Central Government Health Scheme

The Central Government of India has been providing comprehensive medical care to the Central Government employees and pensioners for as long as the last six decades under the Central Government Health Scheme. The Scheme is designed to cater to the healthcare and needs of beneficiaries who are eligible. These beneficiaries are individuals who comprise to form the four pillars of the country’s democratic set up specifically Legislature, Judiciary, Executive and the Press. The Central Government Health Scheme is a primary health care facility provider which stand unique than any other scheme due to its generous open-ended system of providing health care and its large beneficiary base. Objective and Components of CGHS Dispensary services including domiciliary care. M.C.H and F.W Services Consultation facilities from Specialists at Dispensary, Polyclinic and Hospital. Services such as X-Ray, ECG and Laboratory Examinations. Hospitalisation Organising for the purchase, storage, distribution and supply of medications and other necessities. Health Education for all beneficiaries. Eligibility n individual who belongs to any of the following groups mentioned below is eligible to avail the benefits under the Central Government Health Scheme. Any employee of the Central Government who draws their salary from Central Civil Estimates. The family members who are entirely dependant on a Central Government Employee who draws their salary from the Central Civil Estimates. It should be noted that they should reside in the areas covered under the Scheme. Individuals who are pensioners and family pensioners of the Central Government who obtains a pension from the Central Civil Estimates. Both, Ex-Members and Sitting Members of the Parliament. Ex-Vice Presidents Freedom fighters Retired Judges of any of the High Courts. Journalists who are accredited with the Press Information Bureau Employees of the Indian Railway Board Police Personnel of the state of Delhi. Employees of certain autonomous bodies or pensioners that have been granted the benefits of the Central Government Health Scheme in Delhi. Procedure of Registration The process of registration for Pensioners A pensioner may register under the Central Government Health Scheme and obtain a CGHS card from the office of the Additional Director/ Joint Director of their city. Documents required for Pensioners Below listed are the documents needed to register for the CGHS for pensioners. An application in the prescribed format. The proof of residence of the pensioner. The proof of residence of the dependant of the pensioner. Certificate of Disability if any. The proof of age of the son of the pensioner. Photos of the beneficiary family members. Certificate of Surrender, if the pensioner has an active CGHS card. Attested copies of the Last Pay Certificate. A draft for the required amount towards CGHS contribution. Provisional Card, if PPO is not provided. The procedure of registration for Current Employees If an existing employee of the Central Government wants to register themselves for CGHS, the individual will have to submit an application form of the prescribed format along with the necessary photos and documents of the family members to the concerned authority (Ministry/ Department/ Office) where they are working at the moment. Types of Medical Systems covered he Central Government Health Scheme provides health care through the systems of medicine listed below. Allopathic Homoeopathic Ayurveda Siddha Unani Yoga Facilities Offered Indoor treatment at all empanelled and government hospitals. Out Patient Department treatment that includes the issue of medicines as well. Reimbursement of the costs for treatment in a private or government hospital in the case of an emergency. Consultation with Specialists at government or polyclinic hospitals. Medical investigations at all empanelled and government hospitals. Services such as Maternity, Family and Child Health services are provided. Reimbursement of the costs incurred by purchasing medical appliances, artificial limbs, hearing aids and similar products. Cashless facility for treatments at diagnostic centres and empanelled hospitals for sanctioned and identified pensioners and beneficiaries. Dispensing of medications under the Homeopathy, Ayurveda, Unani and Siddha systems of medicines along with appropriate medical consultation. Treatments Not Covered Follow-up treatment or inpatient treatment that is not covered under the Central Government Health Scheme are listed below. At times of an emergency, the treatment of a beneficiary is allowed at any hospital. However, the medical claim must be submitted to the additional director of the respective city where the individual’s CGHS card is registered. Where there is no emergency, the beneficiary of the CGHS will be permitted to avail treatment from a Local, State or a Central Government hospital. However, it should be noted that prior approval has the attained from the Chief Medical Office in charge of the CGHS WC that is in the city where the individual’s CGHS card is registered. There is a list of approved CSMA/ Empanelled hospitals under the ECHS from where the treatments may only be availed. When there is a need for a follow-up treatment regarding the case of a hip/ knee replacement, neuro/ cardio surgery, cancer or renal transplant, the beneficiary of the CGHS is permitted to receive follow up treatments in any of the hospitals on the approved list under the condition that the individual has received prior permission from the Chief Medical Officer in charge. For reimbursement for medical expenses, the amount that may be claimed is limited to the rates according to the CGHS, and be treated in any hospital. However, the medical claim has to be submitted to the additional director of the city in which the individuals CGHS card is registered. Cost of the CGHS Facilities The cost of the CGHS facilities differs from each other depending on if the individual is a serving employee or a pensioner of the Central Government of India. For Serving Government Employees Central Government employees who are currently serving in the area covered by the CGHS has the advantage of obtaining the CGHS card. A deduction for this purpose is made from the salary that they receive from their department every month. The deduction is made depending on the pay grade of the employee. For Pensioners When a pensioner wants to avail the facilities provided by the CGHS, the individual will have

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uttar pradesh estamp paper

To register properties in India, the buyer has to pay charges in the form of stamp duty. Formerly, stamp duties were paid by acquiring stamp papers from approved stamp vendors or Government treasury at the time of property registration. The Department of Revenue, Government of Uttar Pradesh, has now facilitated the payment of Stamp Duty through the purchase of Uttar Pradesh e-Stamp paper. Stamp Duty Stamp duty is a kind of tax that requires to be paid at the time of Uttar Pradesh property registration. This legal tax needs to be paid as proof for any purchase of immovable property or registration of deed. Stamp duty is deliberate on market value or a considerable amount of the property, whichever is higher. The stamp duty for Uttar Pradesh Property registration is tabulated here: Sl.No Type of Deed Stamp Duty Charges 1 Sale Deed 7% 2 Gift Deed Rs. 60 to Rs.125 3 Lease Deed Rs. 200 4 Will deed Rs. 200 5 Conveyance Deed Rs. 60 to Rs.125 Note: Consideration amount is a total value of funds involved in any sale transaction entered between two parties. Stamp Paper Stamp papers are one of the traditional ways of paying stamp duty and property registration charges. The owner of a property/land needs to purchase non-judicial stamp paper from an authorised vendor or Treasury in Uttar Pradesh. Once the non-judicial stamp papers are purchased, the property transaction details will be written or typed on that. Uttar Pradesh e-Stamp Certificate Uttar Pradesh e-Stamp Certificate is a computer-generated alternative for conventional stamp paper. To ignore counterfeit stamp papers and to make Uttar Pradesh property registration easy, the Government of Uttar Pradesh introduced e stamping. As per The Uttar Pradesh Stamp Act, 1957 Act, transaction above Rs. 1 lakh should be paid only with Uttar Pradesh e-stamp. Benefits of Uttar Pradesh e-Stamp Paper Uttar Pradesh e-Stamp Certificate can be used for all instruments on which stamp duty is payable. Such instrument incorporates all transfer documents such as sale deeds, mortgage deeds, exchange deeds, gift deeds, conveyance deeds, and power of attorney, deed of partition, lease deed, agreement of tenancy, leave and license agreement. The benefits of using Uttar Pradesh e-Stamping Certificate is explained in detail below: Uttar Pradesh e-Stamping Certificate is a convenient method for tax at the time of property registration Usage of Uttar Pradesh e-Stamp Certificate eliminates the need of non-judicial stamp papers for property registration All details of the property registration stamp duty rate can be obtained from a single online portal Uttar Pradesh e-Stamping Certificate online purchase makes the property registration process quick Uttar Pradesh e-Stamping Certificate is tamper proof Validation is very easy with Uttar Pradesh e-Stamping Certificate Attribute in Uttar Pradesh e-Stamp Paper The Uttar Pradesh e-Stamp certificate contains below-mentioned information. Name of payee Government Receipt Number (GRN) Payment date and time e-Stamp Certificate Serial number Department Reference Numbers Nature of properties or lands The rate of stamp duty paid Value of immovable property or land Licensing Authority- The Government of Uttar Pradesh appointed Stock Holding Corporation of India Limited as the Central Record Keeping Agency. Procedure to Purchase Uttar Pradesh e-Stamping Certificate Step 1: You have to ascertain the Uttar Pradesh property registration reference number and the rate of stamp duty payable from the concerned revenue office. Furnish an Application Step 2: Approach the counter of CRA in Registration office or CRA branch office or Authorized collection centres (ACC) and fills up the Uttar Pradesh e-Stamp Certificate application form. Step 3: After providing details in e-Stamp Certificate such as property/land details, first party information, Second party information, the rate of stamp duty,  furnish the application form at the counter. Make Payment Step 4: Applicant can make the payment through any of the following ways to get Uttar Pradesh e-Stamping Certificate: Cash Cheque Demand Draft Pay Order RTGS NEFT Account to Account transfer Get Uttar Pradesh e-Stamp Certificate Step 5: Once the stamp duty is paid, the Uttar Pradesh e-Stamp Certificate will be generated and provided to the applicant. Step 6: In case of payment made through Cheque or Demand Draft (DD), the applicant will be granted with a receipt from the counter. Upon crediting the charge to the CRA accounts, the applicant can get the Uttar Pradesh e-Stamp Certificate from the concerned counter. Step 7: After getting the debit confirmation from the appropriate bank, visit the nearest counter; submit the transaction reference issued by the bank along with duly filled the e-Stamp Application Form to get the e-Stamp certificate. Step 8: For registering property in Uttar Pradesh, visit the concerned registration office with the Uttar Pradesh e-Stamping Certificate along with the deed. FAQs What is e-Stamp Paper in Uttar Pradesh? e-Stamp Paper is a digitally generated stamp paper issued by the Government of Uttar Pradesh for executing various legal and financial documents. How do I procure e-Stamp Paper in Uttar Pradesh? You can procure e-Stamp Paper in Uttar Pradesh through authorized banks, stamp vendors, or online through the government’s official portal. What documents require e-Stamp Paper in Uttar Pradesh? Various legal and financial documents require e-Stamp Paper in Uttar Pradesh, including property sale deeds, rental agreements, affidavits, powers of attorney, loan agreements, and other agreements subject to stamp duty. 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Rajasthan Farm Loan Waiver Scheme

The Rajasthan Farm Loan Waiver Scheme has been launched to waive off crop loans for the farmers in the state. The main objective of the scheme is to give benefits to the farmers in buying crops, harvesting and other farm-related activities and also reduces the crop loans. This scheme will be led and supervised by the state authority of agriculture. Facing charges of not carrying out full waiver of farmers’ loans after coming to power, the Congress government in Rajasthan has initiated action to get the loans disbursed by nationalised banks waived through a one-time scheme. The State government has offered to bear the farmers’ share in the waiver scheme. Eligibility Criteria The farmers applying for this scheme must belong to the small and marginal category. The farmer must be a permanent resident of Rajasthan. Farmers who have taken debt before 30 Sep 2017 would be eligible in the loan waiver scheme. The farmer should have taken a loan from the registered bank or any government institution. Benefits of Rajasthan Farmers Loan Waiver Scheme Under this scheme, the Government waives off the loan amount as mentioned Rs. 50,000/- per farmer. Loans taken by the farmers until 30th September 2017 are included in this scheme.  Apart from loan waive, four of the crops such as groundnut, urad, soybeans and moong will get Rs. 200/- cost-benefit on them. The state authority has also agreed to increase the Minimum Support Price for the crops. The state government will prepare the merit list of all the farmers.  The CPM-led farmers’ group has claimed to give away Rs. 2000/- as Kisan pension for the senior citizens of the state who are aged more than 60 years will be getting the pension amount. Required Documents Identity Proof Income Certificate Application form Resident Proof Aadhar Card Passport size Photograph Bank Passbook copy Application Procedure As the scheme has been launched recently by the state government has yet to be revealed about the application process. If the applications are rolled out, then the farmers can visit the nearest Rajasthan State Farmers Debt Relief Commission office. The application form can be obtained from the same office or it can be downloaded from online. The applicant has to fill the application form carefully with all the necessary details along with the required documents. 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Registration as a Startup

The Government of India started a new initiative of Startup Scheme in 2016. Its primary objective is to promote the growth of the start-ups in India. Under this scheme, the government’s main motive is to robust the start-ups in India as they want to create jobs for others instead of job seekers. It is under the control of the Department for Industrial Policy and Promotion (DPIIT). India is experiencing a significant rise in the number of Startups, with the government actively encouraging and assisting young entrepreneurs in establishing their ventures. These Startups play a crucial role in stimulating the country’s economy. What is a Startup in India? A startup is a new initiative to start a business in which you can start a small business with a single or group of people in India. In this, you can start a business of another item, product, or service that is unique from others and it allows creating something new and innovative for their startup business. Startup-India is a good initiative to develop the Indian economy.  The objective of the Startup India Scheme The Startup India Scheme aims to foster a thriving startup culture and establish a robust and inclusive ecosystem that encourages innovation and entrepreneurship in India. mproved infrastructure, which includes the establishment of good centers. Streamlined facilitation of Intellectual Property Rights (IPR), making the process of patent filing more accessible. Creating a favorable regulatory environment that encompasses tax benefits, simplified compliance procedures, streamlined company setup, and efficient mechanisms. Aiming to enhance funding opportunities for Startups. Providing an extensive networking database for entrepreneurs and other stakeholders involved in the Startup ecosystem. What is Startup? A startup is a business that introduces innovative products or services to address existing problems or needs within society. It may also revamp an existing product or service, improving it to offer a better solution. The essence of a startup lies in its commitment to bringing fresh ideas and creative solutions to the market. What distinguishes it from other new companies is that a startup offers a novel product or service that is not currently available elsewhere in the same manner. The driving force behind startups is innovation and the pursuit of growth and development. The following features fall under the Startup-India: Company Age: The company’s incorporation does not exceed 10 years. Type of Company: If you want to enjoy the start-up scheme benefits then your company must be a Private Limited Company under the Company Act 2013 or a Limited Liability company registered under the Act 2008 or registered under the Indian Partnership Act, 1932 as a Partnership Firm. Turnover capital : The company’s yearly turnover shall not exceed Rs.100 crore. A new business company: In this startup scheme, the company needed to be new and didn’t restructure any existing entity to avail of the DPIIT Certificate of Recognition. Unique and creative innovation: The startup should have unique and creative ideas from other companies. The business should generate revenue and employ the people.  Benefits of Startup India Registration: Startups that have required the DPIIT Certificate of Recognition can enjoy various benefits, which are as follows: Self-Certification: Once you get the DPIIT Certificate of Recognition, Startups can self-certify their compliance with Three Environmental Laws and Nine Labour Laws. Start-Up Patent Application: Recognized Startups are entitled to pay only 80% of the fees for patents, trademarks, copyrights, and designs. Additionally, they can avail of fast-track processing for their patent applications. Simplified Regulations for Government Purchasing: Startups managed by the DPIIT can showcase their products on the government e-marketplace.  Easy winding up of Company: As per the Insolvency and Bankruptcy Code, 2016, Startups can complete the process of winding up their company within 90 days from the date of applying for insolvency. Funds: Startups are eligible for Rs. 10,000 crore funds from Alternative Investment Funds. Rs. 2,000 crore of Credit Guarantee Fund: Over four years, Startups have the opportunity to access a credit guarantee fund provided by the National Credit Guarantee Trust Company or SIDBI. Tax Exemptions: Upon getting the Certificate of Recognition, Startups can apply for tax exemption under Section 80 IAC of the Income Tax Act. Documents Required For Startup India Registration The required documents for Startup India Registration include: Incorporation/Registration Certificate of your Startup Proof of funding, if applicable Authorization letter of the owner of the company, LLP, or partnership firm Proof of concept, such as a pitch deck, website link, or video (for Startups in the validation, early traction, or scaling stage) Details of patents and trademarks, if any List of awards or certificates of recognition, if received PAN Number (Permanent Account Number) Process of Startup India Registration Step 1: Incorporate Your Business- The first step is to incorporate your business as a Private Limited Company, Partnership firm, or Limited Liability Partnership (LLP). This involves following the standard procedures for business registration, such as submitting the registration application and obtaining the Certificate of Incorporation or Partnership registration. Step 2: Register with Startup India- After incorporating your business, the next step is to register it as a startup. The process is straightforward and can be completed online. To begin, visit the Startup India website and click the ‘Register’ button. Provide your name, email ID, and mobile number, and create a password, then click ‘Register.’ Next, enter the OTP (One-Time Password) sent to your email and provide additional details, such as the type of user, name, and startup stage. Click on the ‘Submit’ button to create your Startup India profile. By completing this Registration, your business will be recognized as a startup under the Startup India scheme, making it eligible for various benefits and support. Step 3: Obtain DPIIT Recognition- After creating the Startup India website profile, the next crucial step is to obtain recognition from the Department for Promotion of Industry and Internal Trade (DPIIT). This recognition offers startups access to various benefits, such as high-quality intellectual property services, relaxation in public procurement norms, self-certification for labor and environmental laws, easy winding up of the company, access to Fund of Funds, and tax exemption for three consecutive years, including tax exemption on investments

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