In exercise of the powers conferred by sub-section (I) of Section 54 of the Assam Value Added Tax Act, 2003 (Assam Act VIII of 2005), the Governor of Assam is hereby pleased to grant, in public interest, partial exemption to the Oil Companies, covered by sub-rule (1) of rule 8 of the Assam Value Added Tax Rules, 2005, from payment of tax payable on "Diesel'' and "Petrol and other motor spirits" sold within the State of Assam, at the rate of Rs.2.50/- (two rupees and fifty paisa) only per litre.

This partial exemption from payment of tax payable is subject to the condition that the retail price of such "Diesel" and "Petrol and other motor spirits" shall be reduced by such Oil Companies by Rs.2.50/- (two rupees and fifty paisa) only per litre.

This notification shall come into force with effect from 00:00 hours of 5th October, 2018.

RAJIV KUMAR BORA,

Additional Chief Secretary to the Government of Assam,

Finance Department.