Refund of tax in certain cases.

Where an owner of a motor cycle in respect of which tax has been paid in lump sum under section 3-B, ceases to be the resident of the State of Punjab and takes alongwith him such motor cycle or if the ownership of the motor cycle is transferred to a person having residence outside the State of Punjab, then partial refund of the lump sum tax so paid, shall be allowed as hereunder specified :- Serial No. 1. Duration of use after the date of registration of motor cycle: Less than three years. Amount of refund of tax on motor cycle: Sixty per cent of the amount of tax already paid under section 3-B. Serial No. 2. Duration of use after the date of registration of motor cycle: Three years or more, but less than six years. Amount of refund of tax on motor cycle: Forty per cent of the amount of tax already paid under section 3-B. Serial No. 3. Duration of use after the date of registration of motor cycle: Six years or more, but less than nine years. Amount of refund of tax on motor cycle: Twenty per cent of the amount of tax already paid under section 3-B. Serial No. 4. Duration of use after the date of registration of motor cycle: Nine years or more. Amount of refund of tax on motor cycle: Ten per cent of the amount of tax already paid under section 3-B.