TMI BlogReduction of tax credit (Section 9(6), 9(9) and Section 10(3)X X X X Extracts X X X X X X X X Extracts X X X X ..... as per section 4. ] 10 [ Provided that in case of following goods, the tax credit shall be reduced by 100 percents: (i) Un-manufactured tobacco, tobacco and tobacco products in all forms such as cigarettes (irrespective of form and length), chewing tobacco, gutkha, cigars, hooka tobacco, khaini, zarda, surti, bidis etc.; (ii) All kinds of lubricants. ; and ] (2) Where a dealer has transferred any goods in the circumstances specified under sub-section (6) of section 9 and has made a reduction of tax credit by the prescribed percentage; he shall be entitled to claim the tax credit so reduced when he brings such goods back into Delhi for sale on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 before it was substituted vide Notification No. .F 3(2)/Fin(T E)/2007-08/(iv)/dsfte/353 dated 14/5/2007 as (1) For the purposes of sub-section (6) of section 9 and sub-section (3) of section 10, the tax credit shall be reduced by the following prescribed percentages:- (a) in the case of goods specified in the Second Schedule - 100 per cent (b) in the case of goods specified in the Third Schedule - 70 per cent (c) in the case of goods specified in the Fourth Schedule - 15 per cent (d) in the case of any other goods specified in clause ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chedule - 100 per cent (b) In the case of goods specified in the Third Schedule 3 [ - 40 per cent ] (c) In the case of goods specified in the Fourth Schedule - 10 per cent (d) In the case of any other goods specified in the clause (e) of sub-section (1) of Section 4 - 16 per cent ] 3 [ (e) ************ ] 8. Inserted vide Not. F.3(21)/Fin(Rev-I)/2015-2016/dsvi/907 - Dated 12-11-2015. 9. Inserted vide Not. F.3(21)/Fin(Rev-I)/2015-2016/dsvi/907 - Dated 12-11-2015. 10. Substituted v ..... X X X X Extracts X X X X X X X X Extracts X X X X
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