In exercise of the powers conferred by section 15-B of the Chhattisgarh Value Added Tax Act, 2005 (No. 2 of 2005), the Slate Government hereby exempts the class of goods specified in column (2) of the Schedule below from payment of tax under the said Act to the extent specified in column (3) for the period from 01-04-2013 to 31-03-2015:-
SCHEDULE
Explanation - (1) for the purpose of this notification small or medium scale industrial unit means such existing unit in which upto 31-03-2014, and industrial unit commencing production on or after 01-042014, upto date of production, total investment in plant & machinery, before depreciation does not exceed Rs. 10 crore.
(2) for the purpose of this notification investment in plant & machinery shall be calculated as per notification no. S.0.1722(E) dated 5 October, 2006 of Ministry of Small Scale Industries, Govt. of India.
By order and in the name of the Governor of Chhattisgarh,
(A. P. Tripathi)
Joint Secretary