Punjab Government has amended the General circular on deferment from payment of entry tax in Punjab earlier issued on 29-04-2011 in view of the directions of Punjab and Haryana High Court in Bhushan Steel case. In the circular issued on 29-04-2011 an indemnity bond was required to be submitted at the ICC barrier with ever bill which pass through the ICC barriers along with an undertaking and an affidavit to the concerned AETC of the concerned District.
But now the condition of furnishing indemnity bond with each interstate transaction on which entry tax is leviable has been done away with, instead of it now a quarterly statement in the form of affidavit containing the requisite particulars shall be required to be filed before the AETC incharge of the district, where the importer is registered. Such statement shall be filed by the last date for filing of each quarterly return.
The relevant circular is being produced herebelow:
GENERAL CIRCULAR REGARDING PUNJAB ENTRY OF GOODS INTO LOCAL AREAS ACT, 2000, PUNJAB
( N-1-2011 spl./2 - 30 dated : 17.5.2011 )
In partial modification of the circular No: N-1-2011 spl./1-30 dated 29th April, 2011, instead of the indemnity bond mentioned in that circular, a quarterly statement in the form of affidavit containing the requisite particulars shall be filed before the Assistant Excise and Taxation Commissioner, Incharge of the District, where the importer is registered and shall be filed by the last date for filing of each quarterly return. The concerned persons/dealers need not deposit the indemnity bond alongwith each transaction at the ICC of the entry point, as it was mentioned in the earlier circular.
(A. Venu Prasad)
Excise and Taxation Commissioner, Punjab
QUARTERLY STATEMENT TO BE FILED BY TAXABLE PERSON OPTING FOR DEFERMENT OF ENTRY TAX
It is certified, that I am an importer of goods leviable to entry tax in the State of Punjab and have filed the affidavit and undertaking as required.
During this quarter i.e.__________________, our concern has imported goods into Punjab which are leviable to entry tax and the details of all such transactions are given below :-
Sr. No. | Invoice No./ dated | Description of goods | G.R. No. | Value of goods |
For
NAME, ADDRESS & TIN OF THE IMPORTER CONCERN________________________
_________________________
_________________________
District of Excise and Taxation Department ___________________________________
Signatures : ___________________________________________________________
Designation:____________________________________________________________
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