S.1 Short title and commencement

       (1) This Act may be called the Kerala Finance Act, 2002.
(2) Item (i) of sub-section (2), item (b) of sub-section (6) and sub-section (7) of section 3 of this Act, shall be deemed to have come into force on the 1st day of April, 2002 and shall be in force till the 2nd day of April, 2002; sub-section (4) of section 3 and section 6 of this Act shall be deemed to have come into force on the 31st day of Mach, 2002 and shall be in force till the 31st day of March, 2003 and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 2002.

S.2 Amendment of Act 1 of 1077

       In the Abkari Act, 1077 (1 of 1077), -
        (1) in section 18, in sub-section (3), -
        (a) after item (b) under the heading "(2) Luxury Tax" the following items and entries shall respectively be inserted, namely:--
       "(c) when levied in the form of a fee for licence for the sale of Foreign Liquor (Foreign made) (i) in whole sale Rs.25,00,000(Rupees Twenty five lakhs) for a year or part thereof
        (ii) in retail Rs. 10,00,000 (Rupees Ten lakhs) for a year or part thereof
        (iii) in hotels or restaurants Rs.25,00,000(Rupees Twenty five lakhs) for a year or part thereof
        (iv) in non-proprietary clubs to its members Rs, 10,00,000 (Rup

S.3 Amendment of Act 15 of 1963

       In the Kerala General Sales Tax Act, 1963 (15 of 1963), -
        (1) In section 5, clause (a) of sub-section (2c) shall be omitted;
        (2) In section 5D,-
        (i) In clause (a) for the words and figures 'serial No. 108' the words and figures 'serial No.12 of the Fifth Schedule' shall be substituted;
        (ii) In the provision to clause (b) for the word and figures, 31st March, 2002" the words and figures "31st March, 2003" shall be substituted;
        (3) in section 7, in sub-section (1), -
        (a) in clause (a) for the words "one hundred and fifty percent" the words "two hundred percent" shall be subs

S.4 Amendment of Act 23 of 1975

       In the Kerala Chitties Act, 1975 (23 of 1975), -
        (1) in section 3, for clause (b) of sub-section (5), the following shall be substituted, namely:-
        "(b)in other cases 50 per cent of the net assets of the foreman: Provided that nothing contained in this sub section shall apply in case of any chitty of which the foreman is a company owned by the Government of Kerala.";
        (2) in section 4, after sub-section (1) the following sub-section shall be inserted, namely:-
"(1) (a) Where a chitty is registered outside the State and twenty per cent or more of the subscribers are persons normally residing in this State, the foreman of the chitty shall open a branch in the state and obtain sanction and registration under the provisions of this Act.".<

S.5 Amendment of Act 32 of 1976

       In the Kerala Tax on Luxuries Act, 1976 (32 of 1976), in section 4, in items (a), (b), (c) and (d) of sub-section (2), for the words "per person" the words "per room" shall be substituted.
       6. Amendment of Act 15 of 1991.-- In the Kerala Agricultural Income Tax Act, 1991 (15 of 1991), in section 41, in sub section (2) for the words "five years", the words "six years" shall be substituted.
       7. Amendment of Act 15 of 1994.-In the Kerala Tax on Entry of Goods into Local Areas Act, 1994 (15 of 1994), -
        (1) after section 9 A, the following section shall be inserted, namely:-
        "9B. Disposal of detained goods.--(1) The owner of the goods or his representative or other person in charge of the vehicle or vessel who im