Amendment status not verified — confirm the current text below against the official source.
Substituted by O.G.E. No. 1996, dt. 21.11.2017 5 THE ODISHA ROAD SAFETY the one time tax shall be such as may remain after deducting from the usual one time tax, one-fifteenth for each completed yelr for which tax has been paid, but in no case, such tax shall be less than one-tenth of such usual one timc lax. Explanation I. - For the purpose of this section, the expression ‘Usual one time tax” means such mte ofiax as specified in Schedule lll payable in rcspect of such vehiclp, calculated on the basis ofthe cost ofsuch vehicle prevalent on the date of its firsl registralion. Erptanotior II. - For the purpose of this section, the cost of vehicle shall includ• taxes and duties charged by the Dealer as men- tioned the invoice: Provided further that ther• shall be levied and paid in respect of every e-cart and e-rickshaw, one time tax al the mle ofthrce percentum ofthe cosr ofsuch vehicle: Provided also that the vehicle. in respecl of which one time tax has alread) been reatized. shall not be liabte to pay tax as specified in Schedule Il. (2) The levy and payment of one-time tax shall be for the life-time of the vehicle in respect of which such tax is paid. (3) The levy and payment of one-time tax shall be compulsory in respect of vehicles registered on or after the appointed date and op- tional in respect of the vehicles registered prior to that date. 1[(4) Where, after payment of one-time tax, a vehicle is removed to any other state on transfer of ownership or change of address, or its registration is cancelled for any reason other than that mentioned in Sub-section (5) of section 55 of the Motor Vehicles Act 59 of 1988 2[x x x] the owner of the vehicle shall be entitled to a refund which shall be the balance of the one-time tax paid by him under Sub-section (1) as may remain-after deducting from such tax one-tenth thereof for each completed year or part thereof commencing on the date from which the one-time tax was paid till the date on which the vehicle is so re- moved or its registration is so cancelled or the vehicle is so altered, as the case may be :] 2[ x x x] 3[x x x] (6) The provisions of Sections 10 and 16 relating to temporary discontinuance of the use of vehicle and rebate on payment of tax, respectively, shall not apply to a vehicle in respect of which one-time tax is leviable under this section.] 2[x x x]