Amendment status not verified — confirm the current text below against the official source.
These figures letters and word were substituted for the figures, letter and word “51A and 87” by Guj. 4 of 2010, s.3. 26 . Sub-clause (i) was substituted for original by Guj. 6 of 2006., s.10 (1)(a) Rate of tax on packing materials. Tax credit. 74 of 1956. Gujarat Value Added Tax Act, 2003. [2005 : Guj. (ii) tax paid by him during the tax period under sub-section 27[(2), (5) or (6) ] (1) 28[of section 9 , or.] 29[(iii) tax paid by the purchasing dealer under the Gujarat Tax on Entry of Specified Goods Into Local Areas Act, 2001;] (b)The tax credit to be so claimed under this sub-section shall be subject to the provisions of sub-sections (2) to (12); and the tax credit shall be calculated in such manner as may be prescribed. (2) The registered dealer who intends to claim the tax credit shall maintain the register and the books of accounts in such manner as may be prescribed. (3)(a) Subject to the provisions of this section, tax credit to be claimed under sub-section (1) shall be allowed to a purchasing dealer on his purchase of taxable goods which are intended for the purpose of- (i) sale or re-sale by him in the State; (ii) sale in the course of inter-State trade and commerce; (iii) branch transfer or consignment of taxable goods to other States (subject to the provision of sub-clause (b) below); , (iv) sales in the course of export out of the territory of India; (v) sales to export oriented units or the units in Special Economic Zones for sale in the course of export out of the territory of India; (vi) use as raw material in the manufacture of taxable goods intended for (i) to (v) above or in the packing of the goods so manufactured; 30["(vii) use as capital goods meant for use in manufacturer of taxable goods intended for (i) to (vi) above subject to the condition that such capital goods are purchased after the appointed day:] Provided that if purchases are used partially for the purposes specified in this sub-section, the tax credit shall be allowed proportionate to the extent they are used for the purposes specified in this sub-section. (b) Notwithstanding anything contained in this section, the amount of tax credit in respect of a dealer shall be reduced by the amount of tax calculated at the rate of four per cent. on the 31[taxable turnover of purchases with in the State]. (i) of taxable goods consigned or dispatched for branch transfer or to his agent outside the State, or