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[Cites 0, Cited by 0] [Section 14(5)] [Section 14] [Entire Act]

Daman and Diu - Subsection

Section 14(5)(c) in Daman and Diu Value Added Tax Regulation, 2005

(c)on the date of the commencement of this Regulation, the dealer held opening stock of finished goods in respect of which tax has not been paid under the Daman and Diu Sales Tax Act, 1964 (4 of 1964), as it stood before its repeal by section 106, the person shall be liable to pay tax under this Regulation at the rate or rates specified in section 4 on the fair market value of the opening stock of finished goods held on the date of the commencement of this Regulation.