THE
(Pb. Act II of 1987)
C O N T E N T S
Sections
1. Short title, extent and commencement.
2. Amendment of the
[1]THE
(Pb. Act II of 1987)
[
An Act to enhance the rate of tax on certain
categories of motor vehicles in the Province of the
Preamble.—
Whereas it is expedient to enhance the rate of tax on certain categories of
motor vehicles in the Province of the
It is hereby enacted as follows:-
2. Short title, extent and commencement.— (1) This Act may be called the Punjab Finance Act, 1987.
(2) It shall extend to the whole of the
Province of the
(3) It shall come into force on and from the first day of July, 1987.
2. Amendment of the Punjab Motor Vehicles
Taxation Act, 1958 (W.P. Act No.XXXII of 1958).—
In the
“4. Motor Vehicles other than those mentioned above and having—
|
(a) seating capacity of not more than 3 persons |
132.00 |
|
(b) seating capacity of more than 3 persons but not more than 6 persons— |
|
|
(i) with engine power not exceeding 1000 cc. |
384.00 |
|
(ii) with engine power exceeding 1000 cc but not exceeding 1300 cc |
500.00 |
|
(iii) with engine power exceeding 1300 cc |
1000.00 |
|
(c) seating capacity of more than 6 persons |
150.00 per seat |
Note: Station-wagons used for private purposes shall be taxed under Serial No.4”.
[1]This Act was passed by the Punjab Assembly on 28th June, 1987; assented to by the Governor of the Punjab on 29th June, 1987; and, was published in the Punjab Gazette (Extraordinary), dated 29th June, 1987, Pages 2413-A to 2413-B.
