Section 3 “3. Levy of tax: The Government may, by Notification from time to time, direct that a tax shall be levied on every motor vehicle used and kept for use, in a public place in the State as follows -
(1) All Motor Vehicles described in Column (1) of Schedule I and used or kept for use in Mizoram, a tax at the rate specified in the corresponding entry in column (2) of the said Schedule;
(2) All Motor Cycles, not being transport vehicles, described in Part ‘A’ of Schedule II and used or kept for use in Mizoram, on their first registration in Mizoram, a life-time tax at the amount specified in the corresponding column of the said part.
(3) All motor cars, not being transport vehicles, described in Part ‘B’ of Schedule II and used or kept for use in Mizoram, on their first registration in Mizoram, a life-time tax at the amount specified in the corresponding column of the said part.”
Provided that the rates of tax specified for transport vehicles shall not exceed the maximum specified in column (2) of the Schedule I in respect of the classes of motor vehicles fitted with pneumatic tyres specified in the corresponding entry in column (1) thereof;
Provided further that in respect of a chassis of motor vehicles passing through this State from a manufacturer to a dealer under temporary certificate of registration for a period not exceeding seven days, the rate of tax shall be one-twentieth of the tax payable for a quarter specified in column (2) of Schedule I.
3. Amendment of In Sub-Section (1) of section 4 of the Principal Act, for, the word ‘under this Section 4 Act’ and ‘motor vehicles’ the words ‘under sub section 1 of section 3 of the Act’ and ‘transport vehicles,’ shall be substituted respectively.
(2) In Section 4 of the Principal Act, after sub-section (6), a new section 7 and 8 shall be inserted, namely :- “(7) the owner of a motor cycle, not being transport vehicle, being less than 15 years old, which is already registered in Mizoram and the tax in respect of which is being paid annually under the Mizoram Motor Vehicle (Taxation) Act, 1996, shall, from the date of commencement of this Act, pay lifetime tax at the rate specified in Part ‘A’ of Schedule II in lieu of the annual tax under that Act on the expiry of the period for which the annual tax under that Act has been paid.
(8) the owner of any motor car, not being transport vehicles being less than 15 years old, which is already registered in Mizoram and the annual tax in respect of which is being paid under the Mizoram Motor Vehicles (Taxation) Act, 1996, shall, from the date of commencement of this Act, pay life-time tax at the rate specified in Part ‘B’ of Schedule II, in lieu of annual tax under the Mizoram Motor Vehicles (Taxation) Act, 1996 (Act No. 5 of 1996) on the expiry of the period for which the annual tax as aforesaid has been paid.”