GUJARAT TAX ON LUXURY COMMODITIES (AMENDMENT) ACT, 2001 GUJARAT ACT NO. 17 OF 2001. (First Published, after having received the assent of the Governor in the “Gujarat Government Gazette”, on the 31st August, 2001). An Act further to amend the Gujarat Tax on Luxury Commodities Act, 1995. It is hereby enacted in the Fifty-second Year of the Republic of India as follows:— Short title and commencement. 1. (1) This Act may be called the Gujarat Tax on Luxury Commodities (Amendment) Act, 2001. (2) It shall come into force on the 1st September, 2001. Substitution of section 5 of Guj.14 of 1995. Guj. 14 of 1995. 2. In the Gujarat Tax on Luxury Commodities Act, 1995 (hereinafter referred to as “the principal Act”), for section 5, the following section shall be substituted, namely:- Levy of tax on stock of commodities of luxury. “5. There shall be levied on the stock of any of the luxury commodities received by a stockist during a year, a tax at the rate set out against each of them in column 3 in the Schedule. The tax shall be leived on the aggregate value of such stock.”. Substitution of Schedule to Guj. 14 of 1995. 3. In the principal Act, for the Schedule, the following Schedule shall be substituted, namely:- “SCHEDULE (See clause (4) of section 2 and section 5) | Serial No. | Description of Luxury commodity | Rate of Tax | | 1 | 2 | 3 | | 1. | Cheroots | Five per cent. of the aggregate value of stock. | | 2. | Cigarettes | Five per cent. of the aggregate value of stock. | | 3. | Cigars | Five per cent. of the aggregate value of stock. | | 4. | Smoking mixtures for pipes and cigarettes | Five per cent. of the aggregate value of stock. | | 5. | Gutkha | Twenty per cent. of the aggregate value of stock | | 6. | Pan Masala with tobacco or Gutkha | Twenty per cent. of the aggregate value of stock.”. | |
