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NOTIFICATION

No. FD 05 CET 2009(II), Bangalore, dated 03.06.2009

In exercise of the powers conferred by Section 11-A of the Karnataka Tax on Entry of Goods Act, 1979 (Karnataka Act 27 of 1979), the Government of Karnataka, being of the opinion that it is necessary in the public interest so to do, with effect from the 1st April, 2009 hereby exempts the tax payable by one hundred per cent Export Oriented Units under the said Act on plant, machinery and capital goods brought into a local area for use in the manufacture or processing of goods by such units for a period of three years from the date of commencement of their project implementation, subject to the following restrictions and conditions namely.

  • Such goods are put to use by the one hundred per cent Export Oriented Unit in the manufacture or processing of goods in Karnataka and the goods so manufactured or processed are exported out of the territory of India;
  • The one hundred per cent Export Oriented Unit shall export its entire production of goods subject to relaxation permitted by Government of India from time to time;
  • Where for any reason, the one hundred per cent Export Oriented Unit fails to comply with the condition (ii) above, it shall immediately cease to eligible for the benefit of this notification

Explanation - For the purpose of this notification.

  • “One hundred per cent Export Oriented Unit” is one which undertakes export of its entire production of goods subject to relaxation as permitted by Government of India from time to time. Such units may be set up either under the Export Oriented Unit or under EPIP (Export Promotion Industrial Park) Scheme or under the EHTP (Electronic Hardware Technology Park) Scheme or Software Technology Park Scheme or Special Economic Zone.
  • “Export” means export as defined in sub-sections (1) and (3) of Section 5 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956).
  • Eligibility to exemption of tax under this notification is restricted to one hundred per cent Export Oriented Units covered under the package of incentives and concessions as per Government Order No. CIPI 2008, dated 28th February, 2009.
  • Any unit whose project implementation commences on or before 31st March, 2014, shall be eligible for tax exemption till the expiry of three years from such date.

Procedure - The one hundred per cent Export Oriented Unit claiming exemption under this Notification shall, produce before its Assessing Authority:

  • Certificate issued by the Director of Industries and Commerce, Government of Karnataka or by a authority of the Government of India certifying that it is registered as one hundred per cent Export Oriented Unit; and eligible for the concessions and incentives as per G. O. No. CI 233 SPI 2009, dated 28th February, 2009 and containing the date of commencement of its project implementation.
  • The said certificate shall be produced, in proof of it being valid, in each year, within sixty days of commencement of the year.
 
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