F:
لسة
La
FERM
TAX RESERVE CERTIFICATES ORDINANCE, 1955.
(No. 66 of 1955)
Tax Reserve Certificates (Second Series) Rules, 1958.
In exercise of the powers conferred by section 3 of the Tax Reserve Certificates Ordinance, 1955, the Governor has made the following rules-
1. These rules may be cited as the Tax Reserve Certificates Citation. (Second Series) Rules, 1958.
2. Certificates, which, upon application being made as in Denomine- Formt in the Schedule, may be obtained from the office of the tions of
certificates, Commissioner or from any bank authorized by him for the pur- and where pose, shall be issued by the Commissioner in denominations of they may
be obtained. $50.00, $100.00 and $1,000.00.
3. Every certificate and the conditions attached thereto shall Form of be as in Form 2 in the Schedule,
Certificate.
4. The Commissioner, or any officer authorized by him for Duty of the purpose, shail accept certificates, in denominations sufficient ioner to
Commis- to meet the total amount of tax outstanding or any part thereof, sccept at their face value together with the interest accrued thereon as in payment the equivalent of cash for the payment of any, or all, of the of specified Laxes specified in the Schedule to the Ordinance.
certificates
tax.
method of
6. Simple interest at the rate of 3 per cent per annum com- Payment of mencing from the first day of the month following the date of interest and issue to the first day of the month in which the certificates are calculation. accepted for payment of tax shall be paid on all certificates so accepted:
Provided that interest shall not be paid on any certificate for more than thirty six months.
6. Any balance of any amount due in respect of a certificate Duty to accepted by the Commissioner and remaining after payment of refund tax shall be refunded by him to the holder thereof.
balance
after payment of tax.
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