Zero-rate sales tax for supplies of locally manufactured plant and machinery of the following specifications, to manufacturers in the Export Processing Zone

Name of Incentive

Zero-rate sales tax for supplies of locally manufactured plant and machinery of the following specifications, to manufacturers in the Export Processing Zone

Type of Incentive

GST Incentive

Ministry

Agency

Sector

Machinery other than Electrical

Sub Sector

Product/Activity

Incentive Details

Description

Zero rate-sales tax for Supplies of locally manufactured plant and machinery of the following specifications, to manufacturers in the Export Processing Zone, subject to the conditions, restrictions and procedure given below, namely:-
(i) Plant and machinery, operated by power of any description, as is used for the manufacture or production of goods by that manufacturer; 
(ii) Apparatus, appliances and equipments specifically meant or adapted for use in conjunction with the machinery specified in clause (i); 
(iii) Mechanical and electrical control and transmission gear, meant or adapted for use in conjunction with machinery specified in clause (i); and 
(iv) Parts of machinery as specified in clauses (i), (ii) and (iii), identifiable for use in or with such machinery. 
Conditions, restrictions and procedures:-
(a) the supplier of the machinery is registered under the Act; 
(b) proper bill of export is filed showing registration number; 
(c) the purchaser of the machinery is an established manufacturer located in the Export Processing Zone and holds a certificate from the Export Processing Zone Authority to that effect; 
(d) the purchaser submits an indemnity bond in proper form to the satisfaction of the concerned Commissioner Inland Revenue that the machinery shall, without prior permission from the said Commissioner, not be sold, transferred or otherwise moved out of the Export Processing Zone before a period of five years from the date of entry into the Zone; 

Criteria for Consideration

Zero rate-sales tax for Supplies of locally manufactured plant and machinery of the following specifications, to manufacturers in the Export Processing Zone, subject to the conditions, restrictions and procedure given below, namely:-
(i) Plant and machinery, operated by power of any description, as is used for the manufacture or production of goods by that manufacturer;
(ii) Apparatus, appliances and equipments specifically meant or adapted for use in conjunction with the machinery specified in clause (i);
(iii) Mechanical and electrical control and transmission gear, meant or adapted for use in conjunction with machinery specified in clause (i); and
(iv) Parts of machinery as specified in clauses (i), (ii) and (iii), identifiable for use in or with such machinery.
Conditions, restrictions and procedures:-
(a) the supplier of the machinery is registered under the Act;
(b) proper bill of export is filed showing registration number;
(c) the purchaser of the machinery is an established manufacturer located in the Export Processing Zone and holds a certificate from the Export Processing Zone Authority to that effect;
(d) the purchaser submits an indemnity bond in proper form to the satisfaction of the concerned Commissioner Inland Revenue that the machinery shall, without prior permission from the said Commissioner, not be sold, transferred or otherwise moved out of the Export Processing Zone before a period of five years from the date of entry into the Zone;

Location for Consideration

Estimated Time

Ministry/Agency Details

Agency Contact

Agency Telephone

Agency Email

Agency Website

Agency Address

Guidelines/Forms

Remarks

Attachment

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