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State of Rajasthan - Section

Section 22 in Sales Tax New Deferment Scheme For Industries, 1989

22. Cotton ginning Industries.

[Annexure 'C' [Substituted by Notification No. F.4(92)FD/GR.IV/91-56 dated 07.09.91 Published in Rajasthan Gazette Extraordinary 4-C(ii) dated 07.09.91 page 211-53.]Quantum of Sales Tax to be deferred under the New Deferment Scheme
SI. No. Type of units Extent of the percentage of deferment of tax Maximum deferment in terms of percentage of fixedcapital investment (FCI) Maximum time limit for availing deferment of tax
1 2 3 4 5
1 New Units 75% of total tax liability 100% of fixed capital investment in case ofmedium and large scale units and 125% of FCI in case of smallscale units Seven years
2 Units going in for Expansion or Diversification 60% of total tax liability 100% of additional-fixed capital investment Seven Years
3 Sick units 50% of total tax liability 100% of fixed capital investment in case ofmedium and large scale units and 125% of FCI in case of smallscale units Seven years
4 New units producing pollution controlequipments/ pioneering units/ prestigious units 75% of total tax liability 100% of fixed capital investment Nine Years
5 New very prestigious Units 90% of total tax liability 100% of fixed capital investment Eleven Years
6 100% Export Oriented Prestigious/ pioneering units 100% of total tax liability 100% of fixed capital investment Nine years
7 100% Export Oriented very Prestigious/Unit 100% of total tax liability 100% of fixed capital investment Eleven Years
Explanation. - A 100% Export oriented unit means an Industrial unit which shall make sale of its manufactured products including by-products in the course of exports out of the territory of India, covered by sub-section (1) of section 5 of the Central Sales Tax Act, 1956 (Central Act No. 74 of 1956).Notes. - 1. The total amount of tax to be deferred mentioned in column 3 above shall be subject to further limit of percentage of fixed capital investment and limit of years, mentioned in columns 4 and 5 respectively.