22D.Payment of tax at certain percentage of maximum retail price on sale of goods, specified in Schedule VIII.

Notwithstanding anything contained in clause (g) of sub-section (1) of section 17, any registered dealer, who is an importer, or a manufacturer and is not entitled to enjoy the benefit of exemption from payment of tax, or deferment of payment of tax, or remission of tax payable, under section 39, section 40, section 41, section 42, or section 43, of any goods specified in Schedule VIII, may, at his option, pay, in lieu of the tax payable by him on sale of such goods under clause (g) of sub-section (1) of section 17, tax at such rate on the maximum retail price of such goods specified in that Schedule as the State Government may, by notification, specify, and different rates may be fixed for different items of such goods.';