(1) The Government may from time to time prescribe, annul or alter rates of tolls to be levied upon any road, ferry or bridge [in the [Union territory of Jammu and Kashmir] in respect of men, animals, vehicles, machinery, commodities and goods in any form whatsoever and may place the collection of such tolls under such management as may appear to it proper, and all persons employed in the management and collection of such tolls shall be liable to the same responsibilities as would belong to them if employed in the collection of the [Excise] Revenue under the Jammu and Kashmir [Excise] Act, 1958.
(2) The rates prescribed to be levied at the commencement of this Act, shall be the rates mentioned in the First Schedule hereto annexed. The rates shall continue to be levied till they are annulled or altered in accordance with the provisions of this section :
[Provided that a vehicle carrying goods beyond the limits/capacity prescribed under the Motor Vehicles Act, 1988 shall be liable to pay double the amount of basic toll fixed for such vehicle].
(3) The power to annul or alter the rates vested in the Government under the foregoing provisions of this section may be exercised from time to time after [x x x x] publication in the [Government Gazette]. [x x x] The amendment and alteration shall have the same force and effect as if they had been contained in the First Schedule.
(4) The persons under whose management the tolls are levied at the commencement of this Act shall levy the tolls prescribed and shall be held to have been appointed for collection of tolls under the provisions of this Act.
[(5)] The Government may, from time to time, notify the commodities in respect of which tolls may be levied on ad-valorem basis subject to a maximum of 15 of the value of [goods.]