Principles of assessment

(1) In assessing the land revenue payable for a holding in an assessment circle, the Settlement Officer shall consider the estimated average surplus produce of such holding remaining after deducting the ordinary expenses of cultivation as ascertained or estimated in such manner as may be prescribed. The land revenue shall be such percentage of the surplus produce as may be fixed by the Chief Commissioner on the recommendations of the Settlement Officer. (2) The percentage of land revenue to the surplus produce shall vary according to a graduated scale prescribed by the Chief Commissioner being largest on holdings with the highest surplus produce and smallest on holdings with lowest surplus produce.