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Sales Tax Exemption Order

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GOVERNMENT OF KARNATAKA
 
        No.FD 96 CSL 2003(I) Karnataka Government Secretariat,
Vidhana Soudha, Bangalore,
Dated: 5.6.2003
 
NOTIFICATION:
 
            In exercise of the powers conferred by Section 8-A of the Karnataka Sales Tax Act, 1957 (Karnataka Act 25 of 1957), the Government of Karnataka hereby exempts with immediate effect, the tax payable by a dealer under the said Act on the sale of goods excluding petroleum products to another dealer who is a developer of a Special Economic Zone in the State or an industrial unit or any other establishment located in the Special Economic Zone established in the State, subject to the following conditions and restrictions; namely:-
 
(i)
Such goods are put to use by the buying unit for developing or establishing the Special Economic Zone or for any other use within the Special Economic Zone.
   
(ii)
Where for any reason the restriction or condition stipulated under (i) above is contravened or not complied with, either wholly or partly, the provisions of clauses (a) and (b) of sub-section (5) of Section 8-A of the said Act shall apply and the buyer shall be liable to pay an amount equal to the tax payable at the rates specified under the said Act, on such purchases in respect of which such contravention or non-compliance has taken place.
   
(iii)
The registered dealer effecting the sales to a developer or a unit or other establishment located in the Special Economic Zone shall produce before the assessing authority, a declaration in the following format signed by the said buyer.
   
Explanation - For the purpose of this Notification:
   
 
(1) “Special Economic Zone” means a Special Economic Zone as established in terms of the Government Order No.CI/282/SPI/2001 dated 25th February, 2002;
   
 
(2) “Developer” means a dealer authorized by the Director of Industries and Commerce, Government of Karnataka to take up activities relating to establishment and development of a Special Economic Zone in the State;
   
 
(3) “Industrial Unit” or “establishment” means a dealer located in a Special Economic Zone engaged in the business of supply of goods or services to other dealers located in the Special Economic Zone or production of goods and services for export.
   
DECLARATION
 
(To be issued by the buyer)
 
Sl. No.
To:
 
…………………. (Selling dealer’s name and address and registration certificate number)
 
Declared that the goods, as per details below are purchased from you by us for use in our activity of establishment of Special Economic Zone in the State at ………… (place) or use in our unit or establishment in the Special Economic Zone in the State at………….. (place).
 
Sl. No. Purchase Bill No. & date Description of goods Quantity Value
(1) (2) (3) (4) (5)
 



 
Place:   Signature:
Date:   Full name, status of the person issuing this
    Declaration, address & KST Registration
    No…………
    BY ORDER AND IN THE NAME OF
THE GOVERNOR OF KARNATAKA
Sd/-
(S Divakar)
Under Secretary to Government,
    Finance Department (C.T.I)
     
 
   
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