Amendment status not verified — confirm the current text below against the official source.
In the West Bengal Duty•on Inter-State River Valley Authority Electricity Act, 1973,— (1) after section 6, the following section shall be inserted:— "Interest for non- 6A. Where the inter-State river valley authority or payment, Or delayed payment, the licensee or the person, liable to pay electricity duty of electricity duty. under section 4, fails to make payment of any sum due on account of elctricity duty within the prescribed date, such authority or licensee or person shall be liable to pay a simple interest at the rate of one per centum for each calendar month of default from the first day of such month immediately following the prescribed date up to the month preceding the month of full payment of such duty upon so much of the amount of the duty payable by such authority or licensee or person as remains unpaid at the end of each such month of default"; -(2) in section 9, for the words "on account of electricity duty", the words "on account of electricity duty or interest" shall be substituted; (3) in the Second Schedule,— (a) after exemption (8), the following exemption shall be deemed to have been inserted with effect from the 1st day of April, 1995:— "(9) an expanded portion of an existing industrial unit established in a premises by way of expansion, save in respect of premises used for the residential purposes, for a period of five years from the date of first commercial production in the expanded portion of such unit."; PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 31, 2003 3 The West Bengal Finance Act, 2003. (Sections 3-5.) Amendment of West Ben. Act VII of 1973. (b) the proprietor of any multiplex theatre complex referred to in clause (a), shall not be entitled to realise the service charge referred to in sub-section (3c) of section 3 during the period when such proprietor of multiplex theatre complex is allowed to enjoy the benefit of retention of entertaiments tax; collected by way of subsidy, under clause (a).".