Karnataka Government Secretariat,
Vidhana Soudha, Bangalore,
dated: 14-09-2001
NOTIFICATION
-II
In exercise of the powers conferred by Section II-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 public intrest so to do,
hereby reduces the tax payable by one hundred per cent Export Oriented Units
under the said Act 'Nil" sales on the raw materials components parts and
packing materials, brought into a local area for use in the manufacture of
goods, subject to following restrictions and conditions:
(i)
such goods are put to use by the one hundred per cent Export
Oriented unit in the manufacture of goods for export.
(ii)
The time limit for use of such goods in the manufacture of
goods for export shall before the expiry of the accounting year immediately
succeeding year in which the goods are purchased:
(iii)
The one hundred per cent Export Oriented Unit export its entire
production of goods subject to relaxation permitted by Government of India from
time to time;
(iv)
Where for any reason, the One hundred per cent Export Oriented
unit fails to comply with the condition (iii) above, it shall forthwith cease
to be eligible for the benefit of this Notification.
(v)
Where for any reason the restriction or condition stipulated under (i), (ii)
and (iii) above is contravened or not complied with, either wholly or partly,
the provisions of sub-section (3) of section II-A of the said Act shall apply
and the one hundred per cent Export Oriented Unit shall be liable to pay an
amount equal to the tax payable at the rates prescribed under the said Act, on
such purchases in respect of which such contravention or non- compliance has
taken place. The amount so payable shall be deemed to be amount due for the
purposes of Section 8 of the said Act.
(vi)
Registered dealer effecting the sale to One hundred
per cent Export Oriented Unit shall produce before the assessing authority, a
declaration in the enclosed format signed by the said Export Oriented unit.
(vii)
The One hundred per cent Export Oriented unit
seeking this facility shall produce before the assessing authority a
Certificate issued by the authority authorized by the Government of India
certifying that it is registered as a One hundred per cent Export Oriented
unit. The said Certificate shall be produced, in proof of its being valid, in
each assessment year. Within sixty days of commencement of assessment year.
Explanation I - For the purpose of this Notification:
(1)
"One Hundred Percent Export Oriented Unit" means a unit which
is certified to be so by the authority authorized by the Government of India
(2)
"Export" means export as defined in sub-section (1) and (3) of
section 5 of central Sales Tax Act, 1956 (Central Act 74 of 1956).
Explanation II - The export oriented units are also eligible for
exemption from payment of tax on the turnover relating to purchases of goods
liable to tax at the purchase point.
By Order and in the name of the
Governor of Karnataka,
Sd/- (S. DIVAKAR)
Under secretary to Government,
inance Department (C.T.-I)
Form of Declaration
(To be completed by the Purchasing dealer)
To
----------------------------- (Selling
dealer's name and
----------------------------- address
and registration
----------------------------- Certificate
number).
Certified that the goods, as per details below are purchased by
us form you for use in the manufacture of goods for export out of the territory
of India.
SL. No.
Purchase Bill No. and date
Description of goods
Quantity
Value
1
2
3
4
5
Signature
Place:
Name and status of the Aauthority
Date:
Person of the Hundred percent
Export Oriented Unit
R.C. No. of the Hundred per cent
Export Oriented Unit
Name and Address of the one hundred
Percent Export Oriented Unit.
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