Amendment status not verified — confirm the current text below against the official source.
(1) Where the ownership of a part, of business by a division or unit of the business of a registered registered dealer. dealer is transferred by sale, gift, bequest, inheritance or otherwise, or transferred by way of a lease or licence, and if the transferee, lessee or licensee, as the case may be, carries on such business as a part of his existing business or a new business in some other name, he shall, for the purposes of this Act (except for the liabilities under this Act already discharged by the transferor) be deemed to be a dealer in default in the matter of payment of any tax, penalty or interest payable by or due from the transferor in respect of all the periods immediately preceding the date of such transfer in relation to such part, division or unit. (2) If the transferee, lessee or licensee is a registered dealer and carries on the business referred to in sub- section (1), he shall, by an application under section 97, get his certificate of registration duly amended. (3) If the transferee, lessee or licensee is not a dealer registered under this Act and if he carries on business from such part, division or unit, he shall, notwithstanding anything contained in section 9, section 10, section 12 or section 15, be liable to pay tax under this Act from the date of such transfer and be liable for registration under section 26. (4) Where the transferee, lessee or licensee is deemed to be a dealer in default under sub-section (1) for any amount of tax, penalty or interest payable by, or due from, the transferor, such amount of tax, penalty or interest shall be recoverable from such transferee, lessee or licensee under section 52."; 76 The West Bengal Finance Act, 1998. III of 1998.] (Section 6.) (36) in Schedule I,— (a) in the entry in column (2) against serial No. 28A in column (1), for the words "or dialysis bag.", the words ", dialysis bag, urobag, water seal drainage bag."; (b) in the entry in column (2) against serial No. 52 in column (1), for the words "and map.", the words ", any device or tool of the combination of ruler, compass and protractor, and map." shall be substituted; (c) the entry in column (2) against serial No. 53 in column (1) shall be omitted; (d) in the entry in column (2) against serial No. 67 in column (1), after the words "silk yarn", the words "manufactured or made in India" shall be inserted; (e) for serial No. 77 in column (1) and the entry relating thereto in column (2), the following serial-No. in column (1) and entry relating thereto in column (2) shall be substituted:— "77. Solar thermal device, solar photovoltaic device and combination of solar thermal device and photovoltaic device."; (f) in column (3) against serial -No. 87 in column (1), the words "Except when sold in sealed container of sold with a brand name." shall be inserted; (g) after serial No. 89 in column (1) and the entry relating thereto in column (2), the following serial No. in column (1) and entry relating thereto in column (2) shall be added:— "90. Windmill for water pumping and windmill for generation of electricity.