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NOTIFICATION

No. FD 05 CET 2009(III), 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 First day of April, 2009 hereby exempts the tax payable by a dealer who is an industrial unit and who exports outside the territory of India, a minimum of 25% of the total value of the goods manufactured and disposed of in a year, for a period of three years from the date of commencement of its commercial production on the entry of raw materials, inputs, component parts and consumables (excluding petroleum products) caused into a local area by him, subject to following conditions and restrictions.

  • Units shall be located in Zone 1, 2 or 3 of Annexure –1, to the Government Order No. CI 233 SPI 2008, dated 28th February, 2009.
  • In respect of Units located in Zone 4 of Annexure-1 to the Government Order No. CI 233 SPI 2008, dated 28th February, 2009, the exemption of entry tax under this notification shall be restricted to 50% of tax payable by such units on the entry of raw materials, inputs, component parts and consumables (excluding petroleum products):
  • The tax exemption under this notification shall be limited to the tax payable on the goods specified which are used in the manufacture or processing of the goods in the unit in Karnataka and the goods so manufactured or processed are exported out of the territory of India;
  • For the purpose of this Notification “Export” means export as defined under sub-sections (1) and (3) of Section 5 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956);
  • 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 Industrial unit claiming tax exemption under this notification shall produce before its Assessing Authority a certificate issued by the Director of Industries and Commerce, Government of Karnataka or his authorized nominee, certifying that.

  • The unit is registered as an EOU.
  • The unit is eligible for incentives and concessions in terms of the Government Order No. CI 233 SPI 2008, dated 28th February, 2009.
  • The said certificate shall be produced by the unit, in proof of it being valid, in each assessment year, within sixty days of commencement of the assessment year.
 
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