Amendment status not verified — confirm the current text below against the official source.
· In the principal Act, in section 54, in sub-section (1), in the existing proviso, the punctuation mark ","appearing at the end shall be substituted by punctuation mark ":"and thereafter the following provisos shall be inserted, namely: .. "Provided further that when exemption is granted ill the form of remission, the dealer shall be entitled to retain the part or whole of tax ·collected by way of subsidy from the Government subject to maximum permissible monetary limit and/or time limit aud other conditions as may be.prescribed in the appropriate scheme: Provided also that the Government may, if it is necessary so to do in the public interest, by notification in the Offici<ll Gazette, exempt a part of sale price specified in the said notification from payment of tax payable under the provision of the Act." In the principal Act, after section 62, a uew section 62A spall be inserted, namely:- ·