11. Amendment of the First Schedule to the principal enactment

Schedule and the substitution therefor of the following :-

“For any year, where the first year of registration or the payment due date falls within the period commencing on January 1, 2011 and ending prior to November 22,

2011:—”;

“EXAMPLE

2007, the levy applicable on such luxury motor vehicle for the year commencing on April 1, 2010

(which is the third year succeeding the year of registration) is Rs. 35,000.

2011, the levy applicable on such luxury motor vehicle for that year (which is the year of registration) is Rs. 100,000.

2012, the levy applicable on such luxury motor vehicle for the year commencing on April 1, 2013

(which is the first year succeeding the year of registration) is Rs. 100,000.”;

First Schedule of the following Part :–

“PART III

For any year ending/commencing on or after November 22, 2011, in respect of which Part I and Part II of this Schedule is not applicable:-

Year

Rate

Rs.

1

For the year in which such luxury motor vehicle is registered (being a year commencing on or after November 22, 2011)

150,000

Year

Rate

Rs.

2

For the first year succeeding the year in which such luxury motor vehicle is registered 100,000 3

For the second year succeeding the year in which such luxury motor vehicle is registered 75,000 4

For the third year succeeding the year in which such luxury motor vehicle is registered 60,000 5

For the fourth year succeeding the year in which such luxury motor vehicle is registered 50,000 6

For the fifth year succeeding the year in which such luxury motor vehicle is registered 40,000 7

For the sixth year succeeding the year in which such luxury motor vehicle is registered 30,000 8

For the seventh year succeeding the year in which such luxury motor vehicle is registered

Nil”.