Amendment status not verified — confirm the current text below against the official source.
The Corporation may, with the sanction of the State Government,— (i) establish a toll-bar on any public street (except a Kutcha road), whether situated in Asansol, vested in the Corpora- tion and constructed or reconstructed by or on behalf of the Corporation; and (ii) levy tolls at such toll-bar on persons, vehicles and animals passing over such street: Provided that no toll-bar shall be established or tolls levied otherwise than for the purpose of recovering— (a) the expenses incurred by the Corporation in constructing or reconstructing such street; (b) interest on such expenses— (i) at the rate of four per cent per annum; or (ii) when such expenses are defrayed wholly or in part from a loan, one and a half per cent per annum above the rate of interest chargeable on such loan; and (c) the capitalised value of the estimated cost of the Corporation for maintaining such street. Power of Corporation to make regulations providing for manner of imposition, etc. of tax. Levy of toll. 453 The Asansol Municipal Corporation Act, 1990. [West Ben. Act Manner of recovery of taxes under this Act. Time and manner of payment of taxes. Presentation of bill. (Part V.—Chapter X.—A. Payment and recovery of taxes.— Sections 136-138.) CHAPTER X A. Payment and recovery of taxes