Tax payable by a manufacturer or a dealer. - A tax at the annual rate specified in

Schedule-Ill in lieu of the rates specified in Schedule-1 shall be paid by a manufacturer of or a dealer in motor vehicles, in respect of the motor vehicles in his possession in the course of his business as such manufacturer or dealer under the authorisation of trade certificate granted under the Central Motor Vehicles Rules, 1989.

Replacement of schedule specified under section 6 of Jharkhand Motor Vehicles Taxation Act, 2001. "Schedule- III specified under section 6 of the Jharkhand Motor vehicles Taxation Act, 2001 for payment of tax shall be replaced by new specified schedule-III." (Vide Jharkhand Motor Vehicle Taxation (Amendment) Act 2018 Gazette No. 95 Dated 31.01.2019)