In exercise of the powers u/s 4(1) of the newly introduced ordinance The Punjab Trade Commerce and Development Ordinance, 2015, entry tax @ 11% has been levied on Sugar. The notification is dated 01.06.2015 therefore the levy may be presumed to have taken effect from 01.06.2015.
It is worth mentioning here that sugar is the first item till now on which entry tax under the said ordinance has been imposed. Its also worth noting that no credit of entry tax paid on sugar will be admissible under Punjab VAT Act, 2005. The notification is as follows:
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