Levy and collection of Surcharge.

Tax198913 sections

Statutory text

(1) Notwithstanding anything to the contrary contained in any agreement entered into with any consume or the conditions of service agreed to by the Board, the Government may, by notified order provide for,—
- (a) the levy and collection of a surcharge on all high tension and extra high tension supplies of energy made by the Board either directly or through other licensees at such rate not exceeding five paise per unit, as may be specified therein;
- (b) the levy and collection of surcharge on energy supplied to the States of Karnataka and Tamil Nadu by the Board, at such rate not exceeding two paise per unit, as may be specified therein;
- (c) the remittance to the Government, of the surcharge collected by the Board; either directly or through other licensees, and the amount which can be retained by the Board or such licensees; by way of collection charges;
- (d) the period within which the surcharge collected by other licensees to be remitted to the Board and the rate of interest payable by such licensees for belated remittance, not exceeding twelve per cent per annum.
(2) The Board or the other licensees receiving from the Board bulk supply of energy shall collect the price for the energy supplied by them inclusive of the surcharge leviable under the notified order.

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