FORM NO. 27C for Declaration for Obtaining Goods without Collection of Tax. FORM NO. 27C is relevant for the buyer of goods in cases where the buyer intends to utilise the goods for the purpose of manufacturing, processing or producing articles and not for trade purpose. No collection of tax shall be made in the case of a buyer, who is resident in India, if such buyer furnishes to the person responsible for collecting tax, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the goods referred to in column (2) of the aforesaid Table are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes.
A declaration under sub-section (1A) of section 206C to the effect that any of the goods referred to in the Table in sub-section (1) of that section are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes shall be in Form No. 27C and shall be verified in the manner indicated therein.
(2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for collecting tax.
(3) The person referred to in sub-rule (2) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner, one copy of the declaration referred to in sub-rule (1) on or before the seventh day of the month next following the month in which the declaration is furnished to him.
Explanation.—For the purposes of sub-rule (3), the Chief Commissioner or Commissioner means the Chief Commissioner or Commissioner to whom the Assessing Officer, having jurisdiction to assess the person referred to in sub-rule (2), is subordinate.
FORM NO. 27C
[See rule 37C]
Declaration under sub-section (1A) of section 206C of the Income-tax Act, 1961 to be made by a buyer for obtaining goods without collection of tax
PART I
I/We
,son/daughter/wife of
, resident of
@, do hereby declare—
1. That my/our present occupation is
;
2. That
[nature of the goods referred to in the Table in sub-section (1) of section 206C] is to be utilised for the purpose of manufacturing/processing/producing articles or things and not for trading purposes;
3. That I am/we are assessed to income-tax by the Assessing Officer
Circle/Ward and the permanent account number allotted to me is
;
OR
That I was/we were last assessed to income-tax for the assessment year
by the Assessing Officer
Circle/Ward and the permanent account number allotted to me is
;
OR
That I/we have not been assessed to income-tax at any time in the past but I fall within the jurisdiction of the Chief Commissioner or Commissioner of Income-tax
;
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Signature of the declarant |
Verification
I/We
do hereby declare that to the best of my/our knowledge and belief what is stated above is correct, complete and is truly stated.
Verified today, the
day of
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Place |
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Signature of the declarant |
PART II
[For use by the person to whom the declaration is furnished]
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1. Name and address of the person responsible for collecting tax at the time of the sale of the goods referred to in paragraph 2. |
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2. Date on which the declaration was furnished by the declarant. |
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3. Date of debiting of the amount payable by the buyer to the account of the buyer or receipt of the amount payable from the buyer in cash or by issue of a cheque or draft or by any other mode. |
Forwarded to the Chief Commissioner or Commissioner of Income-tax
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Place |
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Date |
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Signature of the person responsible for collecting tax at the time of the sale of the goods referred to in paragraph 2. |
