Amendment status not verified — confirm the current text below against the official source.
The luxury tax payable by a stockist under this Act shall be levied on that part of his turnover of stock of luxuries during any prescribed period which remains after deducting therefrom his such turnover during that period representing— (a) the value of such stock of luxuries as shown to the satisfaction of the prescribed authority to have been despatched to places outside West Bengal; Incidence of luxury tax. Levy of luxury taxi 137 The West Bengal Luxury Tax Act, 1994. (Section 6.) [West Ben. Act (b) the value of stock of luxuries of such class or classes or description as may be prescribed. Licence.