(1) The prescribed authority may, in respect of any kind of specified goods, accept from a dealer deposit of a sum which, in the opinion of that authority, is sufficient to cover the tax leviable under this Act and estimated to be payable during a prescribed period by such dealer.
(2)On acceptance of such deposit, the prescribed authority shall issue, in the prescribed form, a receipt showing the amount deposited.
(3) Subject to the prescribed conditions, the receipt referred to in subsection (2) shall be sufficient authority for transportation or removal, during the prescribed peirod, from any notified place of a series of consignments of specified goods so, however, that the aggregate amount of the tax leviable in respect of all such consignment does not exceed the amount of the deposit.
26 The Taxes on Entry of Goods into Calcutta Metropolitan Area Act, 1972.
V of 1972.1 (Sections 21, 22.)
(4) Where any consignments are transported or removed under the receipt referred to in sub-section (2) the prescribed authority shall adjust against the deposit, the taxes leviable in respect of the consignments.
(5) The balance, if any, of the amount of the deposit remaining at the credit of the dealer at the end of the prescribed period shall, on his application, be refunded to him or may, at his option, be credited towards any deposit in respect of any future period for which such dealer may want to make a fresh deposit.