Amendment status not verified — confirm the current text below against the official source.
In the principal Act, in section 10,--- (i ) in sub-section ( I), in clau se (b), - (a) explanation 2(i ), shall be omitted: (b) for explanation 3, the following shall be substituted, namely:- "Explanation 3:- A tax on sale of goods specified in the Fourth Schedule, shall be levied and collected on the Maximum Retail Price ill res pect of such goods for which the Maximum Retail Price has been made as the base of' levy against such good s in the sa id Schedule. For this purpose, the base of lev y of tax 'shall be such "Maximum Retail Price."; (ii) after sub-section (1 A), the following new sub-sections (1B) (1C) and ( 1D) sha ll be inserted, namely:- "(1 B) Notwithstanding anything contained in this Act, in case of potable liquor ment ioned in the Fourth Schedule, except country spirit, if the first sale of such items is made by a manufacturer/bottling unit/distilleries/breweries (hereinafter Assam Act VIII of