Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context requires,- otherwise . fa) ttannual value" in respect of specified land means the price charged for the· mineral oils sold annually by the person who holds speci- fied land for carryi:ry.g out excav:iltion for the purpose of obtaining· minera~ oils or ·for. extraction of minerai oils : Provided that, such priGe shall include any sum received or receivable by the holder' as valuable con~ideration for the minera~ oils sold but shall not include any sum on account ..of sales.tax due under the Central Sales Tax Act, 1956 or under any law of the .. ·:.~ State Legislature or on accou:n,t of . royalty .. ~.::.due.. under . the Oilfields {Regulatio.n .and Development} Aet,.l948. THE ASSAM GAZETTE, EXTRAORDINARY DEC. 8, 1988 943 Provid-ed furthe~ . that . i£ mo~e fhan ;,~~·: price is chargeable for the same variety o~ · mineral oil the maximum price chargeable for that variety of mineral oilshall be taken as the price for such mineral oil ; {b) ;'cess" means the rural · development cess_; (c) "Commissioner" means the Commissioner: ol Taxes, Assam; . , -' .(d) "mineral oi1s" include casing -head conden .. sate, natural gas and pet"l'O~eum; (e) "prescribed" means •. prescribed by rules made under this Act; (f) "rural development . -- cess" . means tax on specified land levied under section 3; (g) ((specified land'~ ' mean.s- the land held for - carrying out excavation for the put:pese ·of- ootaining mineral oils or '.for' extraction ·;o'f. ~ mineral oils; . ~ ' - .· {h) Htax'' meanS a taX On SpeCified lands fevied- under section 3. --. · <: ·. . . . . .· . . ·. . ,, \ _. RURAb :bEVE:LOPMENT C~SS - AND RURAL DEVELOPMENT FtJND ,.:aurat 3 .. F.or. the purpose of providing cost .of, develop- mvcioplne&t :fuent of rural areas in the State. of Assam on Cess. . . · , . _- . • .. and from the commencement of this Act, there '" . __ . . shall be levied and collected ,on a:ll ·specifieg · . Hm<is in the State a tax, to be. knbwn as ruraf' ~¢velopment cess, at such rate not exceeding · 25 per cent of annual value, as may be fixed by the Slate Governmenl by notification in the 0fficial Gazette. · ''b\bmty 4 The rur"ql development cess _ shall be leviable t6, ~ay ~cess · on 'the .person who holds. specified land for r _ ~ cfJ.rfYing out excayation lor the purpose o~ .. · • . . , . ~ob..taining . mineral _ oUs or for . extraction ol minerai oils . • \ 94~ THE ASSAM GAZET'rE. E..XTRAORDINARY. UEC. 8, 1988 ---------------- ----------. - · --~----- !.~.D~v!I~~ -5 .. ~1) Tpe _proceeds o! the rural development ces~ ~.ent F~d. " - - and penalties (other than fines) recovered :,· .. - · · · · , under this Act shall first be credited to the £' :::.c.:.-~ · · Consolidated Fund of, ~he State and a'fter i ;.~ :·" :> · deduction o:ll the expenses of · collection and recovery' therefrom shall, under appropriation duly ma:de by law in this behalf-, be entered in, and transferred to, a separate fund called the Assam Rural Development FUI1d. Payment_.6 rtcovery of· · cess and furnishing of-r~tu~ , _ {2) Any amount transferred to the Assam Rural Development Fund under sub-section {1) · · shall be charged on the· Consolidated Fund o~ the State. {3) The amount in the Assam Rural Dev~lop ... ment Fund 'shall be expended in such manner and subject to such conditions, as may be pre-scribed, for the purpose men- tioned in section 3. ·· U) The cess levied under section 3 shall. be payable in such manner {includin~ payment in advan~e) as may be prescribed. . . r . {2) The person liabl~ - to pay· cess under section 4 shall furnish at such intervals and to such · -· .;~: .:~:~· ... ~ · ·-- · authority returns in such -form · a:q.d manner P~nalty for '7. failure -to P~Y _ cc~. . ' ,.. .... . -· as may_ be prescribed. (3) Any arrears of cess shall be recoverable· -as . arrears df hmd revenue. -· ·· · · fl) u any person liable to pay cess .under this · · Act in pursuance of· provisions of ruies made under sub-section {1) of s~ction 6 fails to pay within the period specified therefor, · - any amount due .from him on: account oJi cess, the Commissioner on being satisfied that such person has wilfully failed to pay the cess, may, ' subject to the general· or special order of the State ·Government and -without prejudice to any qther _penalty to -~ which such person is liable under this Aot, • THE ASSAM GAZETTE. EXTRAORDINARY DEC. 8, 1 o8 .~45 Appeal -- recover from him as penalty a sum not exceeding one fourth of the amount of cess so unpaid in addition to the amount of cess payable by him. (2) Sums reco~erable under. this section shall be recovered in the manner provided in sub-section (3) of section 6 for the collection of cess.