Amendment status not verified — confirm the current text below against the official source.
(1) The annual fee in respect of a license for the use of any building or place as a warehouse or for the renewal of such a license shall be payable in advance. (2) The annual fee shall he calculated at such rate not being less than ten per cent. nor more than twenty-five per cent. of the annual value of the building or place used as a warehouse as may be prescribed and different rates may be prescribed for different classes of warehouses according to the nature and quantity of the article stored, pressed or kept therein : Provided that the State Government may prescribe by . rules a maximum for the annual fee in respect of any class of warehouses. (3) For purposes of sub-section (2) the annual value of building or place used as a warehouse shall be deemed- -- (a) if it is situated within a municipality, to be the annual value at which it is assessed for the pay- ment of municipal taxes; and • (h) if it is situated outside a municipality, to be seven and half per cent. of the current—market value of the buildin.. (which expression shall in this section and elsewhere in this Act include any land appurtenant to the building) or place as deter- mined by the Collector, subject to revision by the Commissioner, such revision being final. Period for disposal of applica- tion for license. Conditions to which a license shall be subject. The West Bengal Fire Services Act, 1950. 7 xvill of 1950.] (Chapter IV.—Licensed Warehouses.—Sections 19-23.)