TMI BlogExemption of tax over and above 2.5% for public funded research institutesX X X X Extracts X X X X X X X X Extracts X X X X ..... mendations of the Council, is pleased to exempt the goods specified in column (3) of the Table below, from the so much of the state tax leviable thereon under section 9 of the said Act, as is in excess of the amount calculated at the rate of 2.5 per cent., when supplied to the institutions specified in the corresponding entry in column (2) of the Table, subject to the conditions specified in the corresponding entry in column (4) of the said Table- Table S.No. Name of the Institutions Description of the goods Conditions (1) (2) (3) (4) 1. Public fu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the rank of the Deputy Secretary to the Government of India or the Deputy Secretary to the State Government or the Deputy Secretary in the Union territory in concerned department to the supplier at the time of supply of the specified goods; (ii) The institution produces, at the time of supply, a certificate to the supplier from the Head of the Institution , in each case, certifying that the said goods are required for research purposes only; (iii) In the case of supply of live animals for experimental purposes, the institution produces, at the time of supply, a certificate to the supplier from the Head of the Institution that the live animals are required for research purposes and enclose a no objection cer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nstitution for a period of five years from the date of installation. 3. Departments and laboratories of the Central Government and State Governments, other than a hospital ( a ) Scientific and technical instruments, apparatus, equipment (including computers); (b) accessories, parts, consumables and live animals (experimental purpose); (c) Computer software, Compact Disc-Read Only Memory(CD-ROM), recorded magnetic tapes, microfilms, microfiches; (d) Prototypes, the aggregate value of prototypes received by an institution does not exceed fifty thousand rupees in a financial year. (i) The institution produces, at the time of supply, a cer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom the Head of the Institution , in each case, certifying that the said goods are required for research purposes only; (iii) in case of supply of live animals for experimental purposes, the institution produces, at the time of supply, a certificate to the supplier from the Head of the Institution that the live animals are required for research purposes and enclose a no objection certificate issued by the Committee for the Purpose of Control and Supervision of Experiments on Animals. Explanation. - For the purposes of this notification, the expression, - (a) Public funded research institution means a research institution in the case of which not less than fifty per-cent. of the recurring expenditur ..... X X X X Extracts X X X X X X X X Extracts X X X X
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