In exercise of the powers conferred by sub-sections (1) and (2) of Section 30 of the Tamil Nadu Value Added Tax Act, 2006 (Tamil Nadu Act 32 of 2006), the Governor of Tamil Nadu hereby makes a reduction in the rate of tax from thirty per cent to four per cent payable by any dealer on the sale of molasses mentioned in the Second Schedule to the said Act for use in the manufacture of Chemicals in the State by the chemical industries specified below, subject to the condition that the dealers shall not claim input tax credit:--

(1) Thiruvalargal Chemplast Sanmar Limited, Chennai.

(2) Thiruvalargal Lactochem Limited, Chennai.

(3) Thiruvalargal Malladi Drugs and Pharmaceuticals Limited, Chennai.

(4) Thiruvalargal Trichy Distilleries and Chemicals Limited, Chennai.

2. This Notification shall be deemed to have come into force on the 1st January 2007.