Union Territory Tax Exemption for FAO Projects
The Central Government, on Council recommendations, exempts goods supplied to FAO for specific projects from Union territory tax.
Projects listed include "Strengthening Capacities for Nutrition-sensitive Agriculture and Food Systems" and "Green Ag."
Exemption applies to goods used in these projects, subject to certification by a Deputy Secretary in the Ministry of Agriculture and Farmers Welfare.
Certification verifies quantity, description, and intended use of the goods for project execution.
The exemption comes into effect on October 1, 2019, aiming to support FAO initiatives for agricultural and environmental sustainability.
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