Section Text
On and from the date of commencement of this Chapter, there shall be charged a commodities transaction tax in respect of every taxable commodities transaction specified in column (2) of the Table below, at the rates specified in the corresponding entry in column (3) of the said Table, on the value of such transaction and such tax shall be payable by the seller or the purchaser, as the case may be, specified in the corresponding entry in column (4) of the said Table:
Table
| Sl. No. | Taxable commodities transaction | Rate | Payable by |
| (1) | (2) | (3) | (4) |
| 1. | Sale of an option in goods or an option in commodity derivative | 0.017 per cent. | Seller |
| 2. | Sale of an option in goods or an option in commodity derivative, where option is exercised | 0.125 per cent. | Purchaser |
| 3. | Sale of any other commodity derivative | 0.017 per cent. | Seller |