1 / 3 Registered Office : 1st Floor, Akruti Corporate Park, Near G.E.Garden, LBS Road, Kanjurmarg West, Mumbai 400 078, India. CIN No. U51909MH2003PLC140116 Phone: +91-22-6640 6789, Fax +91-22-6640 6899, Website: www.ncdex.com

NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED Circular to all trading and clearing members of the Exchange Circular No : NCDEX/LEGAL-008/2014/253 Date : August 25, 2014 Subject : Amendment in the Rajasthan Value Added Tax Act

Members are requested to refer Exchange circular Nos. NCDEX/LEGAL-002/2013/078 dated March 13, 2013 informing the amendment in Schedule I of the Rajasthan Value Added Tax Act, 2003 (Act No.4 of 2003) and circular no. NCDEX/LEGAL-006/2014/ 230 dated July 25, 2014 informing amendments in Schedule IV of the Rajasthan Value Added Tax Act, 2003 (Act No.4 of 2003) Members and participants are hereby further informed to note that; The Rajasthan Government has vide separate notifications, made the following amendments in the Rajasthan Value Added Tax Act, 2003 (Act No.4 of 2003)

(1) Notification vide S.O 037 dated July 14, 2014 [File no. F.12 (59) FD/Tax/2014-15] :

“In Schedule VI appended to the said Act,- (i) In column number 2 against serial number 7, for the existing expression

“except the goods included in Schedule-I or in Schedule III”, the expression “except the goods specified elsewhere in this Schedule or included in Schedule-I or in Schedule-III” shall be substituted.

(ii) after the existing serial number 13 and entries thereto, the following new serial numbers and entries shall be added namely:-

S.No Item Rate of Tax (%)

14 All types of used motor vehicles 2.5

15 Oilseeds 3.0

(2) Notification dated August 19, 2014 [File no. F.12 (31) FD/Tax/2013-100] :

“In Schedule IV appended to the said Act,- (i) the existing serial number 126 and entries thereto shall be substituted

by the following, namely:-

2 / 3 Registered Office : 1st Floor, Akruti Corporate Park, Near G.E.Garden, LBS Road, Kanjurmarg West, Mumbai 400 078, India. CIN No. U51909MH2003PLC140116 Phone: +91-22-6640 6789, Fax +91-22-6640 6899, Website: www.ncdex.com

S. No. Item Rate of Tax (%)

126

Unmixed spices including turmeric, dry chillies, methi, ajwain, suwa, amchoor, asaliya, kathodi, hing (Asafoetida) and sonth in all their forms (whether loose or in packages) excluding items specifically mentioned in any other Schedule

5

(ii) after the existing serial number 208 and entries thereto, the following

new serial number and entries thereto shall be added,:-

S.No Item Rate of Tax (%)

209 Dhaniya other than in whole form 5

(3) Notification dated August 19, 2014 [File no. F.12 (31) FD/Tax/2013-101] :

“In Schedule VI appended to the said Act, after the existing serial number 16 and entries thereto, the following new serial number and entries shall be added namely:-

S.No Item Rate of Tax

(%)

17 Dhania in whole form 2.0

Any amount of tax charged or collected over and above 2 percent, shall also be deposited with the State Government and already deposited tax shall not be refunded.

Copies of the said Notifications a) dated July 14, 2014 from File no. F.12 (59) FD/Tax/2014-15,b) dated August 19, 2014 from File No. F.12 (31) FD/Tax/2013-100 and c) August 19, 2014 from File No. F.12 (31) FD/Tax/2013-101 issued by Government of Rajasthan Finance Department (Tax Division) are enclosed as Annexure A, Annexure B & Annexure C respectively to this Circular.

3 / 3 Registered Office : 1st Floor, Akruti Corporate Park, Near G.E.Garden, LBS Road, Kanjurmarg West, Mumbai 400 078, India. CIN No. U51909MH2003PLC140116 Phone: +91-22-6640 6789, Fax +91-22-6640 6899, Website: www.ncdex.com

Reference is also drawn to Exchange circular no. NCDEX/LEGAL-007/2012/391 dated November 20, 2012 in terms of which Members and participants are advised to keep themselves updated with the changes in the rates of applicable statutory taxes/levies/charges from time to time in respect of commodities dealt with by them and ensure compliance of applicable Central and State laws in respect of deliveries effected by/through them. Members and their Constituents are requested to take note of the above and ensure all Compliances required in respect thereof. For and on behalf of National Commodity & Derivatives Exchange Limited S. Hemalatha Executive Vice President – Legal & Arbitration For further information / clarifications, please contact

1. Customer Service Group on phone: 022 6640 6613 -15, 011 2334 4795 2. Customer Service Group by e-mail to : askus@ncdex.com