54A. Exemption from tax on sales to a developer for development of Special Economic Zone.

Where a dealer makes a sale of goods, other than those specified in Part B of Schedule IV, to a developer for use by him for development of a Special Economic Zone, such dealer may, for the purpose of determining his taxable turnover of sales, deduct sub-clause (xi) of clause (a) of sub-section (3) of section 17, from his gross turnover of sales that part of such gross turnover of sales which represents the sale to such developer for use by him for the purpose of development of such Special Economic Zone:

Provided that the claim for such deduction shall not be allowed unless the dealer selling the goods to the developer furnishes on demand, before the appropriate assessing authority, a certificate in the Form appended to this rule duly filled in and signed by such developer to whom such goods are sold and such assessing authority is satisfied, upon enquiry or otherwise, that particulars filled in such form are correct.

Explanation.- For the purposes of rule 53, rule 53A, rule 54 and this rule,-

(a) The expression "developer" means a person a body of persons, company, firm and such other private or government undertaking, who develops, builds, designs, organizes, promotes, finances, operates or maintains or manages a part or whole of the infrastructure of the Special Economic Zone notified accordingly by the Government;

(b) the expression "Special Economic Zone" means a geographical area declared and notified as Special Economic Zone by Government.

FORM OF CERTIFICATE

[See rule 54A of the West Bengal Sales Tax Rules, 1995]

Serial No. . . . . . . . . . . . . .

Date of issue . . . . . . . . . .

To

. . . . . . . . . . . . . . . . . (Seller)

. . . . . . . . . . . . . . . . . . (Address)

. . . . . . . . . . . . . . . . . (R.C.No., if any)

Certified that the goods purchased from you as per bill cash memo stated below have been used/are intended to be used in the development of the Special Economic Zone situated at . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bill/Cash Memo No. . . . . . . . . . . . . . . . . . . . . .

Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Name of the developer . . . . . . . . . . . . . . . . . .

Address and R.C. No. if any . . . . . . . . . . . . .

Signature and status of the person issuing the certificate";