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SCHEDULE PART-C7

PART C7

(See Section 7(3))

Refund Table for Motor Cabs cost of which exceeds Rs. 15 Lakhs

Sl.No. If after the registration removal of vehicles or cancellation of Registration of vehicle taken place. Percentage of Life Time Tax paid to be refunded
   1 Within a year 93%
   2 After 1 year but within 2 years 87%
   3 After 2 year but within 3 years 81%
   4 After 3 year but within 4 years 75%
   5 After 4 year but within 5 years 69%
   6 After 5 year but within 6 years 64%
   7 After 6 year but within 7 years 59%
   8 After 7 year but within 8 years 54%
   9 After 8 year but within 9 years 49%
  10 After 9 year but within 10 years 45%
  11 After 10 year but within 11 years 41%
  12 After 11 year but within 12 years 37%
  13 After 12 year but within 13 years 33%
  14 After 13 year but within 14 years 29%
  15 After 14 year but within 15 years 25%
  16 After 15 years Nil
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