14. Exemption.-

14. Exemption.-

(1)     The Government may, by notification in the official Gazette, exempt importation or supply of any goods or class of goods or rendering of any service from value added tax or, where  applicable,  supplementary  duty chargeable under this Act,  subject  to any limitation or condition specified in the notification.

(1a)  The Board, may, by special Order, exempt importation or taking delivery of any goods and  receiving  of  any  service  for  implementation,  of  any  international  or  bilateral agreement   on   reciprocal   basis,   froth   value   added   tax   or,   where   applicable, supplementary duty chargeable under this Act, subject to any limitation and condition specified in the Order.

(2) The Board may, by special Order, exempt specifying therein the reason in each case, import or supply of any taxable goods or rendering of any taxable service from value added tax or, where applicable, supplementary duty chargeable under this Act.

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