SERVICE TAX TRADE NOTICE NO.27/2002 DATED: 29/11/02

A copy of Ministry of Finance and Company Affairs Notification No.17/2002-Service Tax dated 21st November,2002 is communicated for information, guidance and necessary action.
(Issued from file C.NO.IV/16/ 2/2002-S.Tax Part II)


Sd/-
(P.V.R.REDDY)
ADDITIONAL COMMISSIONER


To

As per Mailing list ------------------------------------------------------------------------------------------------------
GSR (E)- In exercise of the powers conferred by sub-section(1)of section 93 of the FinanceAct,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 of 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 Zone 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 or authorization or 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 authorized to be rendered by the service
provider by a Committee headed by the 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 utilization 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, as 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.

Sd-
(Ajay Kumar Prasad)
Director to the Govt.of India