55. Exemption from tax on sales of goods by newly set up small scale industrial units

A registered dealer, who possesses a valid certificate of eligibility in Form 18 issued to him in accordance with the provisions of rule 100 and who has manufactured goods in his newly set up small scale industrial unit in West Bengal, may, for the purpose of determining his taxable turnover of sales, subject to the conditions and restrictions referred to in rule 98, deduct under sub-clause (viii) of clause (a) of sub-section (3) of section 17 from his gross turnover of sales that part of such gross turnover which represents sales of the goods manufactured by him in his newly set up small scale industrial unit other than sales of goods so manufactured, on franchise or otherwise, using the trade name or brand name or logo of any other industrial unit or commercial organisation, situated within or outside West Bengal.