Amendment of section 2 of Mah IX of 2005

In section 2 of the Maharashtra Value Added Tax Act, 2002 (hereinafter, in this Chapter, referred to as "the Value Added Tax Act"),—

1. (a) after clause (3), the following clause shall be inserted, namely :- "(3-a) " brand name " when used in the Schedule means a brand name, (whether registered or not), that is to say, a name or a mark such as a symbol, monogram, label, signature or invented words or any writing which is used in relation to a product for the purpose of indicating, or so as' to indicate, a connection in the course of trade between the product and some person using such name or mark with or without any indication of the identity of that person ;" ;
2. (b) in clause (20), after Explanation III, the following Explanation shall be added and shall be deemed to have been added with effect from the 1st April 2005, namely :- "Explanation IV.—The amount of valuable consideration paid or payable by a dealer for the purchase of drugs specified in entry 29 of Schedule C shall be the maximum retail