Amendment of Section 2

In the Nagaland (Sale of Petroleum and Petroleum Products Including Motor Spirit and Lubricants) Taxation Act, 1967 (9 of 1967) (hereinafter referred to as the principle Act), in Section 2,- (1) In clause (9), the proviso shall be deleted. (2) After clause (9), the following new clause shall be inserted, namely:- (9A) "Sale price" means the amount payable to a dealer as consideration for the sale of any goods, less any sum allowed as cash discount according to the practice normally prevailing in the trade, but inclusive of any sum charged for anything done by the dealer in respect of the goods at the time of or before the delivery thereof other than the cost of freight or delivery or the cost of installation in cases where such cost is separately charged; (3) For clause (10), the following shall be substituted, namely:- (10) "taxable goods" means such goods as are specified in Schedule-II to the Act; (4) After clause (10), the following new clauses shall be inserted, namely:- (10A) "taxable turnover" means the turnover on which a dealer shall be liable to pay tax as determined after making such deductions from the aggregate of sales in such manner as may be prescribed. (10B) "tax" means the tax payable under this Act;