Section 11 of The Assam Value Added Tax (Amendment) Act, 2007 — Amendment of section 109

In the principal Act, in section 109, in sub-section (4), for the punctuation mark ".", the punctuation mark ":" shall be substituted and thereafter the following proviso shall be inserted, namely: "Provided further that when exemption is granted in the form of remission, the eligible unit shall be entitled to retain the part or whole of tax collected by way of subsidy from the Government subject to maximum permissible monetary limit and/or time limit and other conditions as may be prescribed in the appropriate scheme."