In exercise of the powers conferred by sub-section (3) of section 6 of the Goa Value Added Tax Act, 2005 (Act No. 9 of 2005) (hereinafter called as the "said Act") and all other powers enabling it in this behalf, the Government of Goa hereby allows input tax credit in excess of 4% on goods other than capital goods, purchased within the State, and used in the manufacturing or processing of finished products and which are dispatched outside the State other than by way of sales, subject to the following conditions:-
(1) The dealer shall be registered under the said Act.
(2)The despatches shall be supported by the declaration in Form "F" as prescribed under the Central Sales Tax (Registration and Turnover) Rules, 1957, framed under the Central Sales Tax Act, 1956(Act 74 of 1956).
(3) The purchases shall be supported by Tax Invoices. This Notification shall come into force with effect from 1st April,2005.