Zero-rate sales tax on raw materials, components, sub-components and parts, if imported or purchased locally for use in the manufacturing of such plants and machinery
Name of Incentive
Zero-rate sales tax on raw materials, components, sub-components and parts, if imported or purchased locally for use in the manufacturing of such plants and machinery
Type of Incentive
GST Incentive
Ministry
Agency
Sector
Trade
Sub Sector
Product/Activity
Incentive Details
Description
Zero rate-sales tax on Raw materials, components, sub-components and parts, if imported or purchased locally for use in the manufacturing of such plants and machinery as is chargeable to sales tax at the rate of zero percent, subject to the condition that the importer or purchaser of such goods holds a valid sales tax registration showing his registration category as “manufacturer”; and in case of import , all the conditions, restrictions, limitations and procedures as are imposed by notification under section 19 of the Customs Act,1969(IV of 1969), shall apply.