section 8
Utilisation of proceeds of tax
The Bombay Sales of Motor Spirit Taxation Act, 1958Tax195841 sections8 chapters
Chapter III LEVY OF TAX AND UTILISATION OF THE PROCEEDS OF TAX
Statutory text
- (1) The proceeds of the tax and penalties, other than fine, recovered under this Act, shall first be credited to the Consolidated Fund of the State.
- (2) After deducting from the said proceeds, such sum as the State Government may determine in this behalf, but not exceeding 50 per cent. thereof, the remaining amount shall be entered in and transferred
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