22 April 2009
What is octroi? Octroi is a tax levied on the entry of goods into a municipality or any other specified jurisdiction for use, consumption or sale. Octroi is levied at the time when the goods enter the municipal limits where the goods are to be ultimately sold, used or consumed.
Who bears the octroi? Generally, octroi is borne by the purchaser. Goods in transit are exempted from octroi.
Is octroi levied on all items? Certain items have been exempted from the payment of octroi. Further, special concessions, such as refund of octroi, are available under a special package scheme of incentives made available by the government of Maharashtra to new industrial investment.
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