Samsung gets Rs 4 crore stamp duty waiver on Noida Sector 81 land

Noida: Electronics giant Samsung has been given a Rs 4.3 crore waiver on stamp duty for a piece of land in Sector 81 where it is setting up a display unit.

Officials said the company had been offered the exemption in keeping with provisions of the state government’s electronics manufacturing policy, 2017. “The company did not have to pay stamp duty on the land premium. We coordinated with the stamps and registration department and apprised them about the government policy to ensure the benefits were passed on to the South Korean conglomerate,” said Avinash Tripathi, officer on special duty of the industries department at Noida Authority. Earlier in the day, the land lease deed with the company was executed.