The Hon’ble Gauhati High Court vide order dated 9/01/2009 passed in WP(C) No.2452/2008 (IOCL vs State of Assam & others) upheld the constitutional validity of the Assam Entry Tax Act, 2008 and the Assam Entry Tax (Amendment) Ordinance, 2008 and directed the State Govt. to utilize the amount collected under the Assam Entry Tax Act for the purpose stated at sec. 10 of the Assam Entry Tax Act, 2008 i.e. to utilize exclusively for development of infrastructure and amenities to facilitate trade, commerce and intercourse out of the Assam Entry Tax proceeds.
Accordingly, Trade Development Fund Scheme was created and Budget Provision is being made for this purpose since 2008-09 and the amount is being released to the following Departments for infrastructure development works:
Under the Trade Development Fund an amount of Rs. 2214.4018 crore has been released to the above mentioned Departments from the financial year 2008-09 to 2015-16.