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[Cites 0, Cited by 0] [Section 12] [Entire Act]

State of Jammu-Kashmir - Subsection

Section 12(4) in The Police Enhanced Penalties Ordinance, 2005

(4)For the purpose of the Act, taxable limit means in relation to any dealer who:-
(a) imports for sale or use in manufacturing orprocessing any goods into the State on his own behalf or onbehalf of his principal. Nil
(b) manufactures or produces any goods for sale oris engaged in any business other than the business specified inclause(a). [ Rs. 7.50 Lacs] [Substituted vide J&K VAT (Amendment) Act, 2006 in lieu of Rs.5.00 lacs]