Utilization of the Proceeds of the Levy under the Act.

(1) The proceeds of the entry tax minus cost of collection, shall be credited and appropriated to the Fund constituted under this section by notification in the Official Gazette and shall be utilized exclusively for the development of infrastructures or amenities to facilitate trade, commerce and intercourse and it shall include the following:- (a) Construction, development and maintenance of roads and bridges for linking the market and commercial areas to their hinterlands, (b) Creation, development and maintenance of infrastructure for supply of electrical energy, water supply and sanitation and other infrastructure for furtherance to trade, commerce and intercourse, (c) Any other purpose connected with the development of trade and commerce or for facilities relating thereto which the State Government may specify by notification, (d) Providing finance, aids, grants and subsidies to local bodies and government agencies for the purposes specified in clauses (a), (b) and (c). (2) The amount realized as entry tax shall not be used for the purposes other than those specified in sub-section (1). (3) The tax under this Act shall be continued to be levied till such time as is required to improve the infrastructure or amenities to facilitate trade and commerce.