Entry Tax - STP unit

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This query is : Resolved

Suresh (Querist)

18 August 2008 Ours is a 100% EOU registered under STP Scheme and operating from Feb 2005 in Karnataka. We are importing capital goods from different countries and would like to know whether this will attract Entry Tax under the The Karnataka Tax on Entry of certain Goods AND
under The Karnataka Special Tax on Entry of Certain Goods Act, 2004.

CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Expert)

18 August 2008 You can get the answers from the following website

https://www.blr.stpi.in

or otherwise you can contact the following telephone no.

+91-80-66186000 to 007,28520959 to 963

or through email

bdg@blr.stpi.in

Srinath

Srinath (Expert)

24 August 2008 Dear Sir,
With regards to imports of Karnataka Tax on Entry of Goods, u are liable for 2% entry tax on import of machineries (though the department cannot levy the same, but will harass and demand this liability). With regards to goods taxable under Special Entry Tax, the act is struck down by the Hon'ble Karnataka HC. However as precaution, please make necessary disclosures in your VAT return.

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