Amendment status not verified — confirm the current text below against the official source.
Amendment of In Sub-Section (1) of section 4 of the Principal Act, for, the word ‘under this Section 4 Act’ and ‘motor vehicles’ the words ‘under sub section 1 of section 3 of the Act’ and ‘transport vehicles,’ shall be substituted respectively. (2) In Section 4 of the Principal Act, after sub-section (6), a new section 7 and 8 shall be inserted, namely :- “(7) the owner of a motor cycle, not being transport vehicle, being less than 15 years old, which is already registered in Mizoram and the tax in respect of which is being paid annually under the Mizoram Motor Vehicle (Taxation) Act, 1996, shall, from the date of commencement of this Act, pay lifetime tax at the rate specified in Part ‘A’ of Schedule II in lieu of the annual tax under that Act on the expiry of the period for which the annual tax under that Act has been paid. (8) the owner of any motor car, not being transport vehicles being less than 15 years old, which is already registered in Mizoram and the annual tax in respect of which is being paid under the Mizoram Motor Vehicles (Taxation) Act, 1996, shall, from the date of commencement of this Act, pay life-time tax at the rate specified in Part ‘B’ of Schedule II, in lieu of annual tax under the Mizoram Motor Vehicles (Taxation) Act, 1996 (Act No. 5 of 1996) on the expiry of the period for which the annual tax as aforesaid has been paid.”