3. Payments (Sections 3 and 4)
(1) The payment of entry tax under section 3 & 4 of the Act shall be made in cash at the Information Collection. The officer incharge of the Information Collection Centre shall issue a receipt against any amount received by way of tax, penalty or cost of disposing of the goods by public auction, if any, in Form TEG-I. Receipt in Form TEG-I shall be in duplicate. The original shall be given to the depositor while the carbon copy shall be retained by the issuing office.
"(2) The payment of entry tax under section 3-A of the Act, shall be made either at the Information Collection Centre or in the office of the Assistant Excise and Taxation Commissioner incharge of the district against a receipt in Form TEG-II either in cash or by way of demand draft or if permitted by the Excise and Taxation Commissioner, by cheque payable at par against the bank guarantee for the amount determined by the Excise and Taxation Commissioner or with the prior approval of the Excise and Taxation Commissioner, against Form VT-XXXVI, the due amount shall be deposited in the office of the Assistant Excise and Taxation Commissioner of respective district within forty-eight hours (excluding holidays) or through an authorized bank by any of the following modes :-
(i) Internet based online mode; or
(ii) Card based mode i.e. ATM Debit Card or Smart Card."
(3) Receipt in Form TEG-II shall be in triplicate. The original copy shall be given to the depositor. Duplicate copy shall be sent to the concerned district and the third copy shall be retained at the office receiving the payment.
(4) All payments received in Form TEG-I and TEG-II shall be deposited by the receiving office into the Government Treasury in challan Form VAT-2 as prescribed under the Punjab Value Added Tax Rules, 2005
"(5) For exemption from payment of entry tax in respect of the goods notified under the Act, which are received for job work, rejected material and returned material by any taxable person from any person from outside the State of Punjab, the prior approval of the Excise and Taxation Commissioner, Punjab shall be obtained and a declaration in Form TEG-III, shall be produced at the Information Collection Centre while importing such goods in the State of Punjab for job work, rejected material and returned material and
(6) (a) in item (i), for the words" by the person", the words "by the department of Excise and Taxation" shall be substituted;
(b) in item (iii) , for the word "authentication", the words "issuance of Form TEG-III" shall be substituted; and
(c) for item (iv) and (v), the following item shall be substituted namely :-
"(iv) the person shall give consecutive serial number to the said forms." |