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State of Madhya Pradesh - Section

Section 27 in The M.P. Excise Act, 1915

27. Payment for grant of leases.

- [(1)] [Renumbered by M.P. Act No. 15 of 1988.] Instead of or in addition to any duty leviable under this Chapter, the State Government may accept payment of a sum in consideration of the grant of any lease under Section 18.
(2)[ Nothing contained in sub-section (1) shall be construed to preclude the State Government from enhancing or reducing the sum received in consideration of a grant of any lease under Section 18 during the course of a financial year or during the currency of a licence and the power to enhance or reduce the sum shall include power to give retrospective effect to such enhancement or reduction from a date not earlier than the commencement of the financial year.] [Inserted by M.P. Act No. 15 of 1988.]