Amendment status not verified — confirm the current text below against the official source.
more than nineteen . . 14.5 14.5 - do - years but not more than twenty years 8 'I'HE GAZETTE Ol. ISDIA EXTR~ZORIIINARY [PART 11--- - -. - - - - . - ~ O T E : Cost of the vehicle in relation t r ~ (a) vehicle rnanufacturccl irl India means cost of the vehiclr: as pur the purchase invoice issued ciiher by tlte mauufhcturer or dealer of the vehiclc artd shall include the manufacturing cost, excise duty, s a l t s tax and a n y other tax payable in the Union territory c ~ f Damat1 and Uiu; (b) a vehicle imported i ~ i t t ~ India ~rrespective of its place of manufjcture means cost as per the landed value of the vchicle col~sistriig of the assessdhlc value undcr Ihc Customs Act, 1962 ( 5 2 of 1962) and the c u s ~ o m s duty paid thereupon including additional dub paid, il' any, as endorscd in the bill ul'entqr b>. the Customs Department. E.rplunuiion 1.- For the purpose of calculating the rate of' onc time tax undcl. this Schedule, if the invoice of the vehiclc, or as the case may be, thc Bill of Entry is not produced for any reason, then the cost of vchicie shall be caIculated as follow^, namely- (I) (i) In case the model of such vehicle is being manufactured, the cost of vehicle certified by an authoriscd dealer or manufacturer ol'sucl~ vehicle. (ii) In case manufacture of such model ceased, the prevailing markct price of such vehicle certified by the licensed assessor or valuer of motor vuhiclcs. (2) If the cost of vehicle could not be caiculated as pvr item ( I ) : thc prevailing cost of similar vehicle determined by thc Taxation Authority, closest in engine capacity and unloaded weight of the vehicle in respect of which a tax is to be levied and cul lected. Explunarion 11.- In calculating the cost of vehicle, iftlle cost ul'thc vehicle is not in rnultipIe of hundred, the fraction ofa hundred not exceeding fitty rupecs shall be ignured a ~ ~ d the fraction of hundred exceeding fifty rupees shall be taken as hundrcd rupees. SCI IEDULE C (.?EL, section 9) SI. No. Stage when refund is U \ r t LIII<I A Motor cycles CAI I bolri B. Any other claimed of a113 tricycles (including motor vchlcles not lnulcrr scooters and cycles speciiied in ('ategory A. will1 attacl-in~enl fbr propelling the sarnc by ~nechanical puwer) Refund for Rehnd per Refund fur Refund retnuval, quarter rcmoval, per suspension (for not using suspenslcln quarter or cancella~io~l the vehicle) or cance- (for not of registration Ilation uf using the of kch~cle registration vehicle) uf vehicle (1) ( 2 ) (3) (4) (5) (6) - A If the period elapsed after I'urccnlage of Perccntage of l'ercentagc Percentage payrnenl of one time lax the one ti~lie the one tllne of the o ~ l c ot the on the motor vehicle is- lax levled tax levied tin~c tax one tiiilc levicd lax levlcd