Jammu and Kashmir government today formally announced entry tax exemption on goods imported for construction, expansion and modernization of hotels.
It also announced entry tax exemption on furniture/office equipment imported by hoteliers to replace such items destroyed due to the last year floods.
On the directions of Governor, N N Vohra , Jammu and Kashmir Finance department issued two separate SROs announcing entry tax exemption on certain items for use in hotel industry.
SRO 21 reads the government hereby exempt from payment of entry tax goods imported for construction, expansion and modernization of hotels. "Provided that such exemption shall be available only in respect of goods not available locally," it says. "The hotelier(s) seeking exemption under this notification may apply to the Director Tourism of division concerned along with list of items," it reads.
SRO 22 announces entry tax exemption on furniture, office equipment/goods imported into the state by hoteliers as replacement for such goods destroyed during floods of September.
The Raj Bhavan spokesman said the hoteliers seeking exemption under this notification may apply to the Director Tourism of concerned division along with a list of the items and the quantities to be imported for the construction, expansion and modernization of their hotels.
"The concerned directors, after satisfying themselves that such goods are not locally available, shall submit their recommendations to Commissioner Commercial Taxes within seven days of the receipt of application from the hoteliers," he said.
The Commissioner Commercial Taxes, on receipt of recommendations shall dispose of the issue on its merits within seven days, he added.
He said the exemption announced under SRO 22 shall be available only in respect of Hoteliers who apply to Director Tourism of the concerned division with a list of the goods and the quantities damaged during the floods in 2014.
"The concerned Director, after satisfying himself that such goods, claimed as replacement under the aforesaid SRO, were damaged due to the 2014 floods and, inter alia, verify the Insurance Claims and other relevant documents in support of the claims made by the applicants, within seven days from the receipt of the applications from Hoteliers, and furnish his recommendations to Commissioner Commercial Taxes who, in turn, shall settle the issue on merits within three days," he said.
It is envisaged that this exemption will enable early revival of tourism infrastructure damaged during the recent floods, the spokesman added.