In exercise of the powers conferred by sub-section (3) of section 8 of the Rajasthan Value Added Tax Act, 2003 (Act No. 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 sale of colour funnels and colour panels manufactured within the State by M/s. SAMTEL GLASS LTD. Kota (formerly known as M/s. Samcor Glass Ltd. Kota), hereinafter referred to as the company, in its second project, in the manner and to the extent, for the period and subject to the terms and conditions specified hereunder:-

1. That the company shall be entitled to claim benefit under this notification only if it fulfills the following conditions:-

(a) That the company has made a minimum fixed capital investment of Rs. 150 crore and has provided employment to a minimum of 500 persons before 31.03.2005, inclusive of the 25% of the existing fixed capital investment made in the land, building, plant and machinery of the company but excluding the investment made in its Black & White TV Picture Tube Project.

(b) That the company has commenced commercial production of colour funnels and colour panels before 31.03.2007

(c) That the company has provided employment to bona-fide residents of Rajasthan to the extent of at least 70% of the total unskilled and 25% of the total skilled work force in a phased manner by 31.03.2005.

2. That when the fixed capital investment of the company reaches Rs. 150 crore and it provides employment to a minimum of 500 persons up to 31.03.2005, it shall be entitled to claim complete exemption from tax without any ceiling, on the sales made within the State of the colour funnels and panels manufactured within the State as follows:-

a. In respect of colour panels for a period of 11 years from the date of commencement of commercial production; and

b. In respect of colour funnels for a period of 11 years including the period in which benefit has been availed under Rajasthan Sales Tax/ Central Sales Tax Exemption Scheme for industries, 1998.

3. That during the period of availment of the benefit under this notification by the company, there shall be no restrictions on branch/stock transfers;

4. That if the company fails to comply with all or any of the requirements as mentioned in condition No. 1 above, then the benefits availed under this notification shall stand withdrawn, and the company shall be liable to repay the benefit so availed along with the interest thereon. In such cases the assessing authority of the company will initiate action against the company after seeking prior approval of the Commissioner, Commercial Taxes, Rajasthan;

5. That in case the company avails the benefit under this notification, it shall not be entitled to claim any benefit of tax exemption or deferment of tax under any other scheme of notification;

6. That after completion of the period of benefit under this notification, the company shall pay the current tax under The Rajasthan Value Added Tax Act, 2003 and The Central Sales Tax Act, 1956;

7. That the company shall submit complete details of it's investment and it's employment up to 31.03.2005 to his assessing authority; and

8. That save the above specified conditions, the company shall be subjected to all the provisions of the Rajasthan Value Added Tax Act, 2003 / Central Sales Tax Act, 1956 and the rules made there under along with the term and conditions of this notification."

This notification shall be deemed to have come into force with effect from April 01, 2006.

By Order of the Governor,

(S.S. Rajawat)

Dy. Secretary to Government.