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KLT2007-02
NOTIFICATION

No. FD 190 CSL 2008 (II) Bangalore, dated: 10.12.2008.

The draft of the following rules further to amend the Karnataka Tax on Luxuries Rules, 1979 as published as required by Section 20 of the Karnataka Tax on Luxuries Act, 1979 (Karnataka Act 22 of 1979), in Notification No. FD 190 CSL 2008, dated 4th October, 2008, published in Part IV-A of the Karnataka Gazette, Extraordinary No. 1097, dated 4th October, 2008, inviting objections or suggestions from all the persons likely to be affected thereby and notice was given that the persons likely into consideration after fifteen days from the date of its publication in the Official Gazette.
And, whereas, the said Gazette was made available to the public on 4th October, 2008.
And, whereas, no objections and suggestions have been received by the Government.
Now, therefore, in excercise of the powers conferred by Section 20 of the Karnataka Tax on Luxuries Act, 1979 (Karnataka Act 22 of 1979), the Government of Karnataka hereby makes the following rules, further to amend the Karnataka Tax on Luxuries Rules, 1979, namely.-
 
RULES
Title and commencement.-
  1. These rules may be called the Karnataka Tax on Luxuries (Amendment) Rules, 2008
  2. They shall be deemed to have come into force with effect from the First day of August, 2008.
Insertion of new Rule 10-AA.-
  1. In the Karnataka Tax on Luxuries Rules, 1979 (hereinafter referred to as the 'said rules'), after Rule 10-A, the following shall be inserted, namely:-
  2. "10.AA. Security to be furnished.- The security to be furnished under sub-section (3) of section 9 or sub-section (6) of section 11 shall be in Form XV-A in the form of a Bank Guarantee.”
Insertion of New Form –XV-A.-
After Form XV of the said rules, the following shall be inserted, namely:-
 
FORM XV-A [See rule 10-AA]
Security Bond for stay of collection of tax or other amount in dispute
 
Before the Karnataka Appellate Tribunal / Joint Commissioner of Commercial Taxes.
No. …………………….. of 20 ………….
Appellant:
Security bond executed in favour of the Government of Karnataka and his successors in office and assigns.
Whereas ……………….. …………… has filed an appeal before the Karnataka Appellate Tribunal / Joint Commissioner of Commercial Taxes at ………………. against the order of …………. in its / his ………………. dated ……………. and the said appeal is pending and whereas the said appellant has applied for direction in regard to the payment of the disputed tax or other amount and has been called upon to furnish security accordingly, and in consideration whereof, I/We ………………… hereby personally undertake and bind myself / ourselves, my / our heirs, successors and legal representatives to pay the Government of Karnataka the sum of Rs. ……………… and mortgage / charge the properties in the Schedule hereunto annexed for the payment of the sum of Rs. ………………….. to the Government of Karnataka and covenant that if the aforesaid appellant complies with all the directions in regard to the payment of tax or other amount made by the Karnataka Appellate Tribunal / Joint Commissioner of Commercial Taxes in the said appeal this bond shall be void and of no effect, otherwise it shall remain the full force and effect.
In witness whereof /We ……….. have hereunto affixed my / our hands and seal this day of ……………… 20 ………….……..
Witnesses:
1.

2.
Appellant
Surely
Note: Strike out whichever is not applicable.
 
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