Amendment status not verified — confirm the current text below against the official source.
(1) The proceeds of the entry tax minus cost of collec- tion, shall be credited and appropriated to the Fund constituted under this section by notification in the Official Gazette and shall be utilized in the local area of collection on the basis of amount collected exclusively for the development of infrastructures or amenities to facilitate trade, commerce and intercourse and it shall include the following : - (a) construction, development and maintenance of roads and bridges for linking the rr .,,.1,?.! and commercial areas to their hinter 1.ands ar. well as important public buildings, Utilization of the proceeds of entry tax levy under the Act. 450 (b) creation, development and maintenance of infrastructure for supply of electrical energy, water supply and sanitation and other infrastructure for furtherance of trade, commerce and intercourse, (c) any other purpose connected with the development of trade and commerce or for facilities relating thereto which the State Government may specify by notification, (d) providing finance, aids, grants and subsidies to local bodies and Government agencies for the purposes specified in clauses (a), (b) and (c). (2) The amount realised as entry tax shall not be used for the purposes other than those specified in sub- section (I). (3) The State Government shall transfer the proceeds of entry tax already collected under Arunachal Pradesh Goods Tax Act, 2005, after deducting there- from, the sum utilized under clause (a) to (d) of sub- section (1) to the fund constituted under this Act and such amount on being transferred to the fund shall be utilized for the purposes specified in sub- section ( 1 ). (4) The tax under this Act shall be continued to be levied till such time as is required to improve the infrastructure or amenities to facilitate trade and commerce.