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Law Updates |
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Notification |
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FINANCE DEPARTMENT
Mantralaya, Mumbai 400032, dated the 21st February 2008.
ORDER
Maharashtra Value Added Tax Act, 2002.
No. VAT-1507/CR-70/Taxation-1. -
In exercise of the powers conferred by sub-section (3C) of section 8 of
the Maharashtra Value Added Tax
Act, 2002 (Mah.IX of 2005), the
Government of Maharashtra hereby exempts fully from payment of tax with
effect from the 1st April 2005, the transfer of property in
goods, involved in the processing of textile, specified in the column
(1) of the Schedule appended hereto, subject to the conditions,
exceptions and restrictions specified in column (2) of the said
schedule.
SCHEDULE
Goods in which property is transferred
(1) |
Conditions, restrictions and exceptions
(2) |
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Goods in respect of which the
property get transferred on or after the 1st April 2005 while
executing a contract for processing of textiles. |
1) The
said goods are consumed or used in such processing.
2) The
processed textiles are covered from time to time, under the
description of goods provided in column (3) of the First Schedule to
the Additional Duties of Excise (Goods of Special Importance Act,
1957).
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By
order and in the name of the Governor of Maharashtra,
SHASHANK MATHANE,
Deputy Secretary to Government
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