Amendment status not verified — confirm the current text below against the official source.
In the principal Act, in section 20, - (i) in sub-section (2), for the words, "not exceeding five percentum" appearing in between the words, "but" and "of the total contract value", the words "not exceeding six percentum" shall be substituted; (i) after sub-section (3), the following new sub-section (3A) shall be inserted, namely:- "(3A) Notwithstanding anything contained in this Act, the Government may, by notification published in the Official Gazette and subject to such conditions and restrictions, if any, as may be specified therein, permit any registered dealer, who imports taxable goods into Assam or manufactures taxable goods within Assam, where such taxable goods are sold on maximum retail price basis printed on the package of such goods, to pay, at his option, in lieu of the amount of tax payable by him under this Act, tax at such rate on the maximum retail price of such goods, as the Government may specify in such notification.";