2. Amendment of the
Motor Vehicles Taxation Act, 1958 (W.P. Act No.XXXII of 1958).
FINANCE ACT, 1987
(Pb. Act II of 1987)
An Act to enhance the rate of tax on certain
categories of motor vehicles in the Province of the Punjab
Whereas it is expedient to enhance the rate of tax on certain categories of
motor vehicles in the Province of the Punjab;
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 Punjab.
(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 Punjab Motor Vehicles Taxation Act, 1958 (W.P.
Act XXXII of 1958), in the Schedule, for the entries against Serial No.4,
the following shall be substituted—
Motor Vehicles other than those mentioned above and having—
capacity of not more than 3 persons
capacity of more than 3 persons but not more than 6 persons—
with engine power not exceeding 1000 cc.
with engine power exceeding 1000 cc but not exceeding 1300 cc
with engine power exceeding 1300 cc
capacity of more than 6 persons
150.00 per seat
Note: Station-wagons used for private
purposes shall be taxed under Serial No.4”.
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
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