Amendment status not verified — confirm the current text below against the official source.
Inserted ibid. E r e c t i o n check-post. 31 of the auction, after deducting the cost of conducting the auction, as may be required for payment of the dues on accout of tax and penalty shall be appro- priated towards the same and the balance, if any, should be paid to the per- son from whom the goods were seized or to the owner of such goods. (2) Notwithstanding anything contained elsewhere in this Act, for the purpose of this section, the amount of tax payable for the taxable goods, sold by auction shall be determined on the basis of the sale proceeds of the goods sold by public auction under sub-section (1) and the penalty leviable thereon may extend to one hundred and fifty percent of the tax so calculated. (3) Nothing in this section shall absolve a person from any other penalty to which he may be liable for violation of any provision of the Act. 1[38B. For carrying out the purposes of section 38 every Transporter, Carrier or Transporting Agent operationg its transport buisness relating to taxable goods in Tripura shall be required to obtain a Certificate of Registration in the prescribed manner from the Commissioner of Taxes on payment of such fees as may be prescribed.