Levy of tax

Levy of tax

1. (1) Subject to the provisions of this Act, there shall be levied and collected a tax on the entry of any motor vehicle into any local area for use or sale therein, which is liable for registration in the State under the Motor Vehicles Act, 1988.
2. (2) The tax shall be levied on the purchase value of the motor vehicle at such rate, not exceeding twenty per centum, as may be notified by the Government from time to time.
3. (3) The tax levied under sub-section
4. (1) shall be paid by the importer in such manner and within such time as may be prescribed: