Amendment status not verified — confirm the current text below against the official source.
Levy and collection of cess: (1) There shall be levied and collected, for the purposes of this Act, a cess on the turnover of sales of Petrol, Diesel and Natural Gas from a manufacturer or importer or dealer, but after deducting therefrom such turnover on which cess has been paid on earlier turnover of sales of Petrol, Diesel and Natural Gas; Provided that, such cess shall not be levied at more than one stage; (2) The cess under sub-section (1) shall be levied for the prescribed period, in the prescribed manner and at such rate or rates as may be specified by the Government from time to time by notification in the Official Gazette of the turnover of sales of such Petrol, Diesel and Natural Gas, as may be prescribed; (3) The cess levied under sub-section (1) shall be payable by the dealer.