Amendment status not verified — confirm the current text below against the official source.
(1) In respect of any stage carriage or contract carriage taken over by the Government, there shall be first determined the acquisition cost of such stage carriage or contract carriage and for any stage carriage or contract carriage registered within the period mentioned in cloumn (1) of the Table below prior to the notified date the amount to be paid shall be the percentage mentioned in the corresponding entry in column (2) of that Table of the acquisition cost :- I 1 Not more than six months prior to the notided date . . 2 More than six months prior to the notified date but not exceeding one year . . . . . . . . . . 3 More than one year but not exceeding two years . . 4 More than two years but not exceeding three years . . 5 More than three years but not exceeding four years . . 6 More than four years but not exceeding five years . . 7 More than five years but not exceeding six years . . 8 More than six years but not exceeding seven years . . 9 More than seven years but not exceeding eight years . . 10 More than eight years but not exceeding nine years . . THE TABLE. Period. (1) 11 More than nine years but not exceeding ten years . . 14 Percentage. (23 12 More than ten years but not exceeding eleven years . . 10 13 More than eleven years but not exceeding twelve years 7 14 More than twtlve years but not exceeding thirteen years 5 15 More than thirteen years . . . . I * * .. 4 Explanation.-For the purpose of this baragraph, !'acquisition cost" shall be the aggregate cost of the chassis as well as the body of the stage carriage or contract carriage as charged by the manufacturm of chassis and by the body builder. , (2) ~ f , in the opinion of the authorised dacer, any stage carriage e r contract carriage so taken over is not road-worthy, such amount as may be determined by him as being the cost likely to be incurred in making the stage caliiage or contract carriage road-worthy, shall be ducted from the amount payable for such carriage. W13 : T.% .'Act tk21 Stage Carriage8 l d 253 Contract Carriages (Acquisition)