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of <h1>Jammu and Kashmir withdraws tax reimbursement scheme for large industrial investments, effective April 1, 2021, per Finance Department.</h1> The Government of Jammu and Kashmir has withdrawn the scheme for reimbursement of state taxes aimed at encouraging large investments for industrial development in the region. This scheme, initially notified under SRO 134 on February 26, 2019, provided budgetary support to manufacturing units in Jammu and Kashmir with investments of fifty crore rupees or more, either for substantial expansion of existing units or for establishing new ones. The withdrawal of this scheme is effective from April 1, 2021, as per the order issued by the Finance Department on July 16, 2021.
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