In exercise of the powers conferred by sub-section (3) of section 8 of the Rajasthan Value Added Tax Act, 2003 (Act No.4 of 2003), the State Government being of the opinion that it is expedient in the public interest so to do, hereby exempts from payment of tax the dealers who were eligible and were granted benefits of exemption for specified period or for specified amount linked with investment under the notifications (as amended from time to time) enumerated in the Table given below, subject to the following conditions, namely.-

(1) the benefit of exemption shall be limited to the unexpired period of eligibility and the balance cumulative quantum of tax as on April 1, 2006 but in case of M/s Varun Beverages Ltd to whom exemption was granted by the notification No.F.4(68)FD/Tax Div/99-270 dated 24-01-2000 (as amended from time to time), it shall be 175% of Eligible Fixed Capital Investment.

(2) the dealer shall be eligible to charge and collect tax in excess of the percentage of exemption from tax liability granted to him.

(3) the eligibility period and the cumulative quantum of tax of the unit shall remain unchanged but in case of M/s Varun Beverages Ltd to whom exemption was granted by the notification No.F.4(68)FD/Tax Div/99-270 dated 24.01.2000 (as amended from time to time), cumulative quantum of tax shall be 175% of Eligible Fixed Capital Investment.

(4) the dealer shall be subject to all the provisions of the Rajasthan Value Added Tax Act, 2003 and Rules made thereunder, and the terms and conditions contained in this notification.

(5) all other conditions of the relevant notifications shall apply mutatis mutandis.

Table

This notification shall be deemed to have come into force w.e.f. April 1, 2006.