Amendment status not verified — confirm the current text below against the official source.
In the said Act. in Schedule II. - .(i) In serial number 4. the words "other than Mustard oil" shall be omitted; (II) In serial number 10, after the words ·Utensils and Kitchenwares·, the words "excluding aluminium utenstls" shall be inserted, (iii) In serial number 26, after the words "Safety matches", the words "excluding handmade safety matches" shall be inserted, (Iv) for serial number 31, and the entries relating thereto, the following shall be substituted, namely:- "31, Information Technology products as follows, namely :- 84.69 Word.processing machines and electronic typewriters. 84.70 Electronic calculators. 84.71 Computer systems and peripherals, electronic diaries. 84.72 Parts and accessories of word processing machines, electronic calculators, electrical typewriters, computer systems and peripherals, electronic diaries. 85.01 DC micro motors/stepper motors of an output not exceeding 37.50 watts. 85.03 Parts of HSN 85.01 for Items listed above. 85.04 Un-interrupted power suppliers (UPS) and their parts. 85.05 PerlT)anent magnets and articles, intended to become permanent magnets (Ferrites). ·t 85.17 Electrical apparatus for line telephony or line telegraphy inclu(jjrg line telephone sets with cordless hand sets and telecommunication apparatus for cur, nt line systems for digital line systems, videophones. 85.18 Microphones, multimedia speakers, head phones, earphones an .. can bines of micro- phones/speaker sets and their parts. 85.20 Telephone answering machines. 8'5.22 Parts of telephone answering machines. ·85.23 Prepared unrecorded media for sound recording or similar recording of other phenomena. '85.24 I.T. Software on any media. 85.25 Transmission apparatus other than apparatus for radio broad casting or TV broadcasting transmission apparatus incorporating reception apparatus, digital still Image video cameras . .85.27· Radio communication receivers, radio pagers. 85.29 (i> Aerials, antennas and their parts .. (ii},Pa,.:t~ f ltans at 85.25 and B5.27 listed above. 85.31 LCDPqonels, LED Panels an °parts thereof. 85:32' ElectMcal capacitors, fixed variable or adjustable (Pre-set) and parts thereof. 85.33 Electrical resistors inollXling rheostats ~d otentiometers other than heating resistors. 85.34 Printed circuits. 85.36 Switches, connectors an 0'flays for upto 5 amps, at voltage not exceeding 250 volts, Electro·hlc fuses. 85.40 Data/graphic display tubes, other than T.V. picture tubes and parts thereof. 85.41 Diodes, transistors and similar semi conductor devices, photosensitive semi conductors devices Including photo voltaic cell whether or not assembled I modules or made up Into panels; light emitting diodes; mounted plszo- electric crystals. 85.42 Electronic Integrated circuits and micro assemblies. 95.43 Signal generators and parts thereof. 85.44 Optical fibre cables. 90.01 Optical fibre and optical fibre bundles and cables. 90·.13 Liquid crystal devices, flat panel display devices and parts thereof. 90.30 Cathode ray oscilloscopes, spectrum analysers, cross-talk meters, gain measuring instru- ments; distortion factor meters, psophometers, net work and logic analyzer and Signal analyzer: (v) in serial number 161, after the words "musical instruments and equipments", the words 'excluding indigenous hand made musical Instruments", shall be inserted. (vi) after serial number 199. thp following serial number and the entries relating thereto shall be added, namely:- " 200 Cooked Foed". By Order, T. D. Rlnzlng, Secretary to the Covt. of Slkklm, Law Department. F. No. 16(82) LD/2001. lnsertion of new section 58 "composite tax on works. contract". charges not involving any transfer of property in goods, actually incurred in connection with the execution of works contract or such amounts calculated on the basis of thirty percent of the value of works contract, if they are not ascertainabletrom the books of accounts maintained and produced by a dealer before the assessing authority, shall be allowed to be deducted from gross turnover of such dealer in determining his taxable turnover".