Amendment status not verified — confirm the current text below against the official source.
tax on a motor cycle sbn\1 be leviable in lump sum, as may be notified by the State Government on the basis of the price of the motor cycle, subject to the maximum of ten per cent of the value of the motor cycle. (3..C) Where an owner of a motor cycle m respect of which tax hos been paid in lump sum under section 3-B. ceases to be U1e resident of the State of Punjab and takes alongwith lum such motor cycle or if the ownership of the motor cycle is transferred to a person having residence outside the State of PunJab. then parual refund of the lump sum tax so paid, shall be allowed as hereunder specified:- 5