(1) The proceeds of the entry tax minus cost of collec tion, shall be credited and appropriated to the Fund constituted under this section by notification in the Official Gazette and shall be utilized in the local area of collection on the basis of amount collected exclusively for the development of infrastructures or amenities to facilitate trade, commerce and intercourse and it shall include the following : -
(a) construction, development and maintenance of roads and bridges for linking the rr .,,.1,?.! and commercial areas to their hinter1.ands ar. well as important public buildings, Utilization of the proceeds of entry tax levy under the Act.
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(b) creation, development and maintenance of infrastructure for supply of electrical energy, water supply and sanitation and other infrastructure for furtherance of trade, commerce and intercourse,
(c) any other purpose connected with the development of trade and commerce or for facilities relating thereto which the State Government may specify by notification,
(d) providing finance, aids, grants and subsidies to local bodies and Government agencies for the purposes specified in clauses (a), (b) and
(c).
(2) The amount realised as entry tax shall not be used for the purposes other than those specified in sub section (I).
(3) The State Government shall transfer the proceeds of entry tax already collected under Arunachal Pradesh Goods Tax Act, 2005, after deducting there from, the sum utilized under clause (a) to (d) of sub section (1) to the fund constituted under this Act and such amount on being transferred to the fund shall be utilized for the purposes specified in sub section ( 1 ).
(4) The tax under this Act shall be continued to be levied till such time as is required to improve the infrastructure or amenities to facilitate trade and commerce.
11. (I) There shall be a Board consisting of a Chairperson Constitution of and following ex-officio members:- Board and its function. (a) Chief Secretary, Chair person Arunachal Pradesh
(b) Secretary/Commissioner : Ex-Officio (Finance), Arunachal Pradesh Member
(c) Secretary/Commissioner Ex-Officio (Planning), Arunachal Member Pradesh
(d) Secretary/Commissioner Ex-Officio (PWD), Arunachal Pradesh Member Power of Govemement to make rules.
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(e) Secretary/Commissioner Ex-Officio (UD), Arunachal Pradesh Member (±) Secretary/Commissioner Ex-Officio (RD), Arunachal Pradesh Member
(g) Secretary/Commissioner Ex-Officio (Tax & Excise),Arunachal Member Pradesh
(h) Excise & Taxation Commiss- Memberioner Arunachal Pradesh Secretary
(2) The Headquarter of the Board shall be at Itanagar.
(3) The Board shall perform the following functions : -
(i) It shall ensure that the funds generated un der this Act shall be utilized exclusively for facilitating trade, commerce and industry in the State.
(ii) It shall identify the areas, which require immediate development or maintenance of infrastructure facilities out of proceeds of tax.
(iii) It shall accordingly recommend allotment of proceeds of tax for the purposes specified in sub-section ( 1) of section 10.
(iv) It shall ensure that the proceeds of tax collected under this Act are not much more than the amount actually required for development oflocal areas.