Subject : Service Tax
Notification No. Notification 17 of 2002 issued by Ministry of Finance and Company Affairs, Deptt. of Revenue. Government of Tamil Nadu

TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (I) OF THE GAZETTE OF INDIA, EXTRAORDINARY

 

DATED THE 21ST NOVEMBER, 2002

30 KARTIKA, 1924 (SAKA)

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE AND COMPANY AFFAIRS

DEPARTMENT OF REVENUE

 

 

NEW DELHI, THE 21ST NOVEMBER, 2002

30 KARTIKA, 1924 (SAKA)

 

 

NOTIFICATION

No. 17/2002-SERVICE TAX

 

 

G.S.R.777 (E) - In exercise of the towers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts taxable service of any description as defined in clause (90) of sub-section (1) of section 65 of the said Act provided to a developer or units of Special Economic Zone by any service provider for the purposes of development, operation and maintenance of Special Economic Zone, or for setting up Special Economic Zone unit or for manufacture of goods by the Special Economic unit, from the whole of the service tax leviable thereon under section 66 of the said Act subject to the following conditions, namely:-

 

(i)                the developer or unit of a Special Economic Zone has been granted permission on authorisation by the Development Commissioner to develop, operate and maintain or establish the unit in the Special Economic Zone; 

(ii)              the said taxable service has been authorised to be rendered by the service provider, by a Committee headed by Chief Commissioner of Central Excise having jurisdiction over the said Special Economic Zone.

 

(iii)            the developer or unit of a Special Economic Zone shall maintain proper account of receipt and utilisation of said taxable services, and submit quarterly statement to the Commissioner of Central Excise, having jurisdiction over the concerned Special Economic Zone in such form CS may be specified by him from time to time.

 

Explanation - For the purposes of this Notification "Special Economic Zone" means the Special Economic Zone as Notified by the Government of India in the Ministry of Commerce and Industry.

 

 

(Ajay Kumar Prasad)

Director to the Government of India

 

[F.NO.137/19/2002-CX.4]