Amendment status not verified — confirm the current text below against the official source.
Insertion of sub—section (2) in section 40 —In the Principal Act, the existing section 40 shall he re— numbered as sub-section (1) and thereafter following shall he inserted as sub-section (2), namely— “(2) If a refund, not being a refund under section 58 is not madewithin ninety days of such refund being due, the State Government shall pay to such dealer simple interest at the rate of six percenlum per annum on the amount refundable’’.