Amendment status not verified — confirm the current text below against the official source.
(1) The proceeds of the entry tax minus cost of collection, shall be credited and · appropriated to the Fund constituted under this section by notification in the Official Gazette and shall be utilized exclusively for the development of infrastructures or amenities to. facilit.ate . trade, commerce and intercourse and it shall inclucte the following:- 1.. l • . (a) cortstrnction, development and maintenance of roads and bridges for linking the market and commercial areas to their hinterlands, , · (b) creation, development and maintenance of infrastructure for supply.,qf electrical energy, water supply and sanitation and 1 ,other infra'structure for furtherance of trade, commerce and intercourse, ( c) any other P\lrpose connected with the development of trade and e;ommerce or for facilities relating thereto which the State Oovernment may specify by notification, l)1 · ( d) providing finance, aids, grants and subsidies to local bodies ' and ' goverinhent agencies· f~r the purposes specified in clauses (a); (b)'and (c). (2) The amount realised' as entry tax shall not be used for the purposes othe.r than those specified 'in sub-section (l ). • r , •