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2018 (4) TMI 367 - HC - VAT and Sales TaxValidity of Form ‘I’ - case of Revenue is that Form ‘I’ submitted by the respondent before the authorities was not in consonance with the provisions of sub-rule (11) of rule 12 of the rules read with sub-section (8) of section 8 of the Act, Form ‘I’ has not been countersigned by the authority prescribed under the rules and therefore, is not valid - Held that: - it appears that sub-rule (11) of rule 12 of the rules has been amended for the sake of convenience, and the requirement that the document (Form – I) be countersigned by the authority specified by the Central Government authorizing the establishment of unit in the SEZ, has been done away with. Therefore, there is no longer any such requirement under the said sub-rule, nor can such requirement can be read into it. Sub-rule (11) of rule 12 of the rule after its amendment with effect from 7.6.2005, no longer refers to any specific authority as the issuing authority. The revisional authority was therefore, not justified in holding that the requirement of such rule 12(11) of the rules was not complied with and taxing the transaction and the Tribunal was wholly justified in setting aside the order passed by the revisional authority - petition dismissed - decided against Revenue.
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