VAT exemption/refund to New Development Bank - F. No. 5(54)/Policy/VAT/2013/PF/430-441 - Delhi Value Added Tax

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI

DEPARTMENT OF TRADE & TAXES

VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002

F. No. 5(54)/Policy/VAT/2013/PF/430-441

Dated: 30/06/2017

NOTIFICATION

Whereas, the Ministry of External Affairs, Government of India, has requested the Government of National Capital Territory of Delhi to grant facility of VAT exemption/refund to New Development Bank(NDB) in New Delhi, in accordance with the principle of reciprocity, on all taxable goods as per the prevailing rules and norms vide their letter No. D-II/451/12(11)/2016 dated 22^nd March, 2017.

And, whereas, I, H. Rajesh Prasad, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, am of the opinion that it is expedient in the public interest so to do.

Now, therefore, in exercise of the powers conferred by sub- section (2) of Section 103 of the Delhi Value Added Tax Act, 2004 (Delhi Act 03 of 2005), I hereby make the following amendments in the Sixth Schedule of the said Act namely:

AMENDMENTS

In the Sixth Schedule appended to the Delhi Value Added Tax Act, 2004 (Delhi Act 03 of 2005), in Part-B List of International Organisations, after Sr. No. B-31 , the following shall be inserted, namely:-

"

S. No.	Registration No.	Name of the Organisation
B-32	07227225003	New Development Bank NDB

"

This notification shall come into force with effect from 22 ^nd March 2017.

(H. Rajesh Prasad) 

Commissioner, Value Added Tax