Amendment status not verified — confirm the current text below against the official source.
hin inte Delhi, cither ant soutside Delhi. for stocking, vending. supplying or distributine pwn account or on account of others, fram any pla such Iusurics in Delhi (k) “Stock of tuxnries” means the quantity of lnsuries being the own stock of the accounts of the stackist or the quantity of Inxuries the stackist receives or procures. duringany scar for jockis! or stocks cutered it the records 01 stocking, vending. distributing or supplying to a wholesaler, intermediary. retailer or any person ay means the tay on lnsuries payable under this Act d u Ce DELHI GAZETTE : EXTRAORDINARY y (a) “Lurnover of stock of luxuries” in relation to a sto aggregate of Hie values of stock of luxuries; ist, in respeet of any year or pact thereof. means the (u) “value of stock of luxuries” mean (i) respect ofa stockist, being a manufacturer of any of the luxuries, the value of such luxuries calculated at ihe ex-factory price al the Gine of receipt or entry thereof in his stock: (ii). i respect of any other stockist, the value of such luxuries calculated at the price thereof as per the bill, invoice orconsigniuent note or other document of like nature. of any person within Deltu or outside Delhi. from whom such Jusuries ure recerved: (iil) ur respect of any: stockist mentioned in sub-cliuses (i) and (ii), the value of stock of lusuries shall include. (A) excise duty. countervailing duty paid or payable on such luxuries by a manufacturer or importer thereol, asthe case may be (By transport charges. insurance charges, packing charges. forwarding and handling charges, any. for carrying such lusuries (a any premises, gadown, warehouse or any ether place of the stockist in Delhi Provided that where tke purchase invoice or’bill is not produced or when the invoice or bill produced is Jy believed to be false orif, the luxuries are vequired of obtained otherwise than by way of purchise, the value reasol of woods shall be the value at which the luxuries of like kind or quality are sold or are capable of being sold in the open nuarket (oy Year” means the year conutiencing on the first day of April (2) All words and expressions used in this Act, but not defined herein but defined in the Dethi Sates ‘Tax Act shall have the uicanings assigned to them in that Act CHAPPER-U INCIDENCE AND LEVY OF TAX