Tax exemption for government-supplied goods clarified; Government Entity defined and brand-owner affidavit requirement mandated. The notification inserts Duty Credit Scrips as a specified Schedule entry and adds an exemption entry for supplies of goods by a Government Entity to governmental bodies where consideration is received as grants. It defines Government Entity as a statutory or government-established authority, board or body with ninety percent or more government participation by equity or control entrusted with governmental functions. ANNEXURE I requires the brand owner, if different from the packer, to file an affidavit disclaiming actionable claims and authorising the packer to print a voluntary waiver statement on unit containers.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for government-supplied goods clarified; Government Entity defined and brand-owner affidavit requirement mandated.
The notification inserts Duty Credit Scrips as a specified Schedule entry and adds an exemption entry for supplies of goods by a Government Entity to governmental bodies where consideration is received as grants. It defines Government Entity as a statutory or government-established authority, board or body with ninety percent or more government participation by equity or control entrusted with governmental functions. ANNEXURE I requires the brand owner, if different from the packer, to file an affidavit disclaiming actionable claims and authorising the packer to print a voluntary waiver statement on unit containers.
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