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4. Bonus, granted as incentive by Govt. of India in respect of paddy for the central pool shall not form part of the sale price of rice. - The 15th May, 2008

PUNJAB GOVT GAZ. (EXTRA.), MAY 15, 2008         9
(VYSK 25, 1930 SAKA)

PART II
DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB
Notification

The 15th May, 2008

            No. 22-leg./2008.— The following Ordinance of the Governor of Punjab promulgated under clause (1) of artcle 213 of the Constitution of India on the 13th May, 2008, is hereby published for general information :—

THE PUNJAB VALUE ADDED TAX (AMENDMENT)
ORDINANCE, 2008
(Punjab Ordinance No. 3 of 2008)

AN
ORDINANCE
            further to amend the Punjab Value Added Tax Act, 2005.
Promulgated by the Governor of Punjab in the Fifty-ninth Year of the Republic of India.

            Whereas the Legislative Assembly of the State of Punjab is not in session and the Governor is satisfied that circumstances exist, which render it necessary for him to take immediate action.

            Now, therefore, in exercise of the powers conferred by clause (1) of article 213 of the constitution of India, the Governor of Punjab is pleased to promulgate the following Ordinance, namely :—

Short title and commencement.

   1.      (1) This Ordinance may be called the Punjab Value Added Tax (Amendment) Ordinance, 2008.

            (2) It shall be deemed to have come into force on and with effect from the 1st day of April, 2006.

Amendment in section 2 of Punjab Act 8 of 2005.

   2.      In the Punjab Value Added Tax Act, 2005, in section 2, in clause (zg), in the Explanation, after item (8), the following item shall be added, namely :—­­

            “(9) The amount of bonus, granted as an incentive by the Government of India from time to time in respect of paddy, purchased by the procurement agencies and rice mills, out of which, rice is shelled out, which is supplied to the Central pool, shall not form part of the sale price of rice.”

S.F. RODRIGUES,
Governor of Punjab.
­­­
REKHA MITTAL,
Secretary to Government of Punjab,
Department of Legal and Legislative Affairs.
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