Amendment status not verified — confirm the current text below against the official source.
Amendment of schedule. The Schedule U and Schedule EI to the Principal Act inserted by theNagaland Motor Vehicle Taxation(Amendment)Act, 1999,is further substituted as follows SCHEDULED-I1 [(SEE SECTION 5(2)] SCHEDULE OF ONE TIME TAX FOR TWO WHEELER, TRI CYCLE AND NON TRANSPORT VEHICLE A. Non-Transport Vehicles (Vehicle not use for hire or reward) one time tax for a period of 15 years on the basis of the cost ofthe Vehicle (1 ) Two wheeler - 5% of the cost of the vehicle. (2 )Three wheeler - 10% of the cost of the vehicle. (3) Four wheeler - 5% of the cost of the vehicle. B. Vehicle registered in other states and having paid onetime tax in the other states on migration of the State of Nagaland shall be levied onetime tax to an equivalent amount of the cost of the vehicle after arebate of depreciation value at the rate of 7% per annum for the bygone years. C. On expiration ofthe 15 years of life of avehicle, further renewal of the registration of vehicles for a period of 5 years shall pay onetime tax at the rate of 2% of the original cost of the vehicles. SCHEDULE-!Il [(See section 7(C)] SCHEDULE OF SCALE OF REFUND ON ONE TIME TAX