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New Industrial Policy 2001-2006
 GOVERNMENT OF KARNATAKA
No: CI 167 SPI 2001. Karnataka Government Secretariat,
  M.S. Building,
  Bangalore, dated: 27-04-2002
Sub: Issue of Notification as per the New Industrial Policy 2001-2006.
Ref: 1. G.O.No. CI 167 SPI 2001 (P), dated: 30/6/2001.
2.Corrigendum No. CI 167 SPI 2001 (P), dated No. 21/3/2002.
CORRICENDUM

Special concessions for exports have been announced in the Industrial Policy formulated and annexed vide G.O.No. CI 167 SPI 2001, dt: 30th June 2001. in the meetings convened on 9th November 2001 and 28th Jan 2002. finance Department had suggested deleting the provisions portaining to Sales Tax benefits and had agreed to issue separate notification to extend these benefits in the form of Government Order. Commerce & Industries Department. While issuing the corrigendum had inadvertently deleted provisions pertaining to Entry Tax benefits extended to EOUs, which was not the intention of Government. Therefore, the corrigendum issued on 21st March 2002 vide No. CI 167 SPI 2001(p) is hereby withdrawn and the following modifications are deemed to have been incorporated from the date of issue of the said G.O.No. CI 167 SPI 2001 dated:- 30/6/2001 in Annexure - B:

Para 4 (I) C shall be deleted and the following Para shall be deemed to have be substituted:

"Exemption from payment of Entry Tax payable on purchase of raw materials components, packing materials, consumable, capital goods, spares, material handling equipment, intermediates, semi finished goods and sub assemblies from a registered dealer. The Entry Tax exemption will be available for the items procured from within the State or outside".

Para 4 (II) B shall be deleted and the following Para shall be deemed to have be substituted:

"Refund of Entry Tax payable on purchase of raw materials, components, packing materials, intermediates, semi finished goods and sub assemblies from a registered dealer. The Entry Tax exemption will be available for the items procured from within the State or outside".

Para 4 (III) shall be deleted and the following Para shall be deemed to have be substituted:

"In case of Sub para II above, the Entry Tax on purchase would be payable of raw materials, components, packing materials, intermediates, semi finished goods and sub assemblies used for the production for sale within the country".

Finance Department will issue separate notification in this behalf. This issues with the concurrence of Finance Department vide U.O.Note No. FD 314 CSL 2001, dated:- 26/2/2002, No. FD 2310 EXP-I 2001, dated:- 18/03/2002.

BY ORDER AND IN THE NAME OF THE
GOVERNOR OF KARNATAKA,
 
(T.PREMANARASHIMAIAH)
Under Secretary to Govt (ID)
Commerce &industries Dept.,

 

 

 

 

 

Copy to:

  1. The Accountant General, Karnataka, Bangalore.
  2. The ACS & Development Commissioner, Government of Karnataka.
  3. The Principal Secretaries, to Government, Finance Department.
  4. All Principal Secretaries & Secretaries to Government
  5. The Commissioner for ID and DIC, Kanija Bhavan, Race Course Road, Bangalore -01.
  6. The Commissioner for Commercial Taxes, Gandhinagar, Bangalore - 9
  7. The MD, KSIIDC, 36, Cunnigham Road, Bangalore - 52.
  8. The MD, KSFC, Thimmaiah Road, Bangalore - 52
  9. The Managing Director, Karnataka Udyog Mithra, Kanija Bhavan, Race Course Road, Bangalore -01.
  10. The Commissioner, Stamps & Registration, Bangalore.
  11. All the Deputy Commissioners of Districts.
  12. All the Joint Directors of District Industries Center.
  13. Guard file/Spare copies/office copy.

©2006 KUM. All rights reserved.