These alleged subsidies consist of benefits for industries located in export processing zones/export oriented units; the duty entitlement passbook scheme; the export promotion capital goods scheme; the income tax exemption scheme; the advance license scheme/advance authorisation scheme; the export credit scheme; the focus market scheme; the focus product scheme; the duty free import authorisation; the status holder incentive scrip; the duty drawback scheme; the package scheme of incentives of the Government of Maharashtra; scheme for assistance to micro, small and medium enterprises of the Government of Gujarat; the Gujarat ...[+++]sales tax incentive scheme and the Gujarat electricity duty exemption scheme.

The Income Tax Exemption Scheme specified above under (d) is based on the Income Tax Act of 1961, which is amended yearly by the Finance Act.

7. A Party may request the assistance of the other Party, on behalf of its airline or airlines, in securing an exemption from taxes, duties, charges and fees imposed by State and local governments or authorities on the goods specified in paragraphs 1 and 2 of this Article, as well as from fuel through-put charges, in the circumstances described in this Article, except to the extent that the charges are based on the cost of providing the service.

Thus, the taxation of cooperatives’ revenues and corporate tax, taxation of profits or surpluses within the hands of the co-operators and taxation of indivisible reserves still differs from one country to another.

(61) The Income Tax Act 1961 is the legal basis under which the ITES operates.

(20) The last scheme, the Income Tax Scheme, is based on the Income Tax Act of 1961 which is amended yearly by the Finance Act.