6

ACT IV OF 1996 BALOCHISTAN FINANCE ACT, 1996 ACT IV OF 1996 An Act to levy certain taxes in the Province of Balochistan [Gazette of Balochistan, Extraordinary, 7th July, 1996] No. PAB/LEGIS. V.(28)/96 dated 7-7-1996.--The Balochistan Finance Bill, 1996 having been passed by the Provincial Assembly on 26th June, 1996 and assented to by the Governor of Balochistan, is hereby published as an Act of Provincial Assembly. 6. Registration of Business Houses/Firms.--(1) No person shall engage as a Video Cassettes Trader, Motor Vehicle Dealer or a Real Estate Agent unless it is registered in the prescribed manner and a valid registration certificate issued by the registering authority appointed in this behalf, provided that an existing Video Cassettes Trader, Motor Vehicle Dealer or Real Estate Agent already in the business on the date of coming into force of this Act may, without registration, continue to function, if such Trader or Dealer or Agent has applied for registration within sixty days of the commencement of this Act and his application for registration has not been rejected. (2) A Video Cassettes Trader whether operating as wholesale dealer, retailer or lender of such cassettes pay a registration fee and an annual tax at rates mentioned below as per categorization made by the prescribed authority in the prescribed manner: Category Registration Fee Annual Tax A Rs.3,500 Rs.2,500 B Rs.2,500 Rs.1,500 C Rs. 1,500 Rs.1,000 (3) A person engaged as Motor Vehicle Dealer or Real Estate Agent will be charged Registration Fee of Rs.7,000 and an annual Tax of Rs.2,500. (4) A person dealing in business in contravention of the provisions of this section shall be liable to fine which may extend to four times the Registration Fee leviable in his case. (5) A tine under subsection (4) shall be levied only after giving concerned person an opportunity of being heard. (6) Any amount of Registration Fee, annual tax or penalty which remains unpaid, shall be recoverable as arrears of land revenue.