Industry & Economy
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Plastics
AP: ST sops for plastic goods
Our Bureau
HYDERABAD, June 3
THE Andhra Pradesh Government has issued a notification reducing the tax payable on sale of plastic containers, HDPE woven fabrics and woven sacks, polyethylene, polypropylene woven sacks, polythene bags and plastic bags to the extent of the tax paid on purchases of plastic raw materials falling under item 186 of First Schedule of the Andhra Pradesh General Sales Tax Act, 1957.
The tax leviable on the sale of plastic raw material is four per cent. The Government has also exempted from tax the sale of raw materials to dealers having units certified as 100 per cent EOUs by the Development Commissioner, Visakhapatnam, if such sale is covered by a declaration made by the dealer in the prescribed proforma.
The dealers also have been exempted from the tax on the purchase of raw material. It has been provided that at the time of final assessment of the EOUs, the authority concerned should levy tax on such turnover of the raw materials used in the manufacture of goods not exported. The notification will be in force during this financial year.
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