Definitions

Definitions In this Act, unless the context otherwise requires,—

1. (a) "importer" means a person who brings any luxury commodity into the local area from any place outside such area for the purpose of sale or use in the course of business;
2. (b) "luxury commodity" means any commodity specified in the Schedule;
3. (c) "manufacturer" means a person who produces, makes, extracts, separates or manufactures any luxury commodity;
4. (d) "registered stockist" means a stockist registered under this Act;
5. (e) "stock" means any luxury commodity held by a stockist on the commencement of this Act or acquired by him thereafter;
6. (f) "stockist" means a person who has in his possession a stock of any luxury commodity for the purpose of sale or use in the course of business;
7. (g) "tax" means the tax leviable under the provisions of this Act;
8. (h) "value of stock" means the purchase price of the luxury commodity and includes any duty, tax, transport charges and other expenses incurred by the stockist in respect of the luxury commodity up to the point of its arrival at the place of business of the stockist.