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NOTIFICATION

No.FD 25 CET 2007 (II), Bangalore, dated 04.05.2009

In exercise of the powers conferred by sub-section (1) of Section 5 of the Karnataka Special Tax on Entry of Certain Goods Act, 2004 (Karnataka Act 29 of 2004), the Government of Karnataka, being of the opinion that it is necessary in the public interest so to do, hereby exempts with immediate effect, tax payable by an importer undertaking an infrastructure project or any importer authorised to execute works in the inftrastructure project undertaken by another person, on entry of machinery, equipments and construction materials caused by him into a local area from outside the State, during the period of project implementation whichever is earlier, subject to the following conditions, namely.

The importer undertaking an infrastructure project shall produce a certificate issued by the Secretary, Infrastructure Development Department or his authorised nominee certifying.

  • that the project is recognised by the Infrastructure Development Department, in terms of the Government Order No.IDD 32 IDD 2003, dated 16-7-2007; and
  • the date of commencement of the project.

The importer authorised to execute works relating to an infrastructure project undertaken by another person shall produce a copy of the certicate issued by the Infrastructure Development Department to such person undertaking the infrastructure project along with the monthly statement of tax filed for the first month in which execution of the work commences and a declaration issued by the person undertaking infrastructure project along with the monthly statement of tax filed for every month beginning from the month in which work commences as under.

"I/We ......... (Name and full address) hereby declare that M/s............... (address) ........ with TIN / KTEG No. ........ is executing works contract relating to the infrastructure project .......... (brief description of the infrastructure project) undertaken by me/us and the said dealer is eligible for exemption from payment of Entry Tax in terms of Notification No. FD... CET......., dated ....... The details of purchase of machinery, equipments and construction materials for use in the infrastructure project in the month of ........200... are as under.

 
Sl No.
Description of goods
Name and address of the seller
Invoice No. and date
Total value
Date of entry into local area
(1)
(2)
(3)
(4)
(5)
(6)
           
Place:
Date:
Name Signature and status of the
persons signing the declaration
 

The value of any machinery or equipment eligible for tax exemption shall not be less than Rupeees twenty-five lakhs as per the purchase invoice and in respect of construction materials, their value shall not be less than Rupees one lakh in each invoice.

The Assessing Authority shall have the authority to verify and determine the eligibility of any certificate or claims relating to tax exemption under this notification.

 
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