Refund of tax paid in respect of four wheeled personalised motor vehicles.

Where an owner of a four wheeled personalised motor vehicle in respect of which tax has been paid in lump sum under section 3-D, ceases to be the resident of the State of Punjab and takes alongwith him such four wheeled personalised motor vehicle or if the ownership of the four wheeled personalised motor vehicle 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 the four wheeled personalised motor vehicle: Less than three years. Amount of refund of tax on four wheeled personalised motor vehicles: Sixty per cent of the amount of tax already paid under section 3-D. Serial No. 2. Duration of use after the date of registration of the four wheeled personalised motor vehicle: Three years or more, but less than six years. Amount of refund of tax on four wheeled personalised motor vehicles: Forty per cent of the amount of tax already paid under section 3-D. Serial No. 3. Duration of use after the date of registration of the four wheeled personalised motor vehicle: Six years or more, but less than nine years. Amount of refund of tax on four wheeled personalised motor vehicles: Twenty per cent of the amount of tax already paid under section 3-D. Serial No. 4. Duration of use after the date of registration of the four wheeled personalised motor vehicle: Nine years or more. Amount of refund of tax on four wheeled personalised motor vehicles: Ten per cent of the amount of tax already paid under section 3-D.