Amendment of Act 17 of 2013.- Charge of commodities transaction tax.- Value of taxable commodities transaction.

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..... derivatives shall be inserted with effect from the 1st day of April, 2018; ( b ) for sections 117 and 118, the following sections shall be substituted with effect from the 1st day of April, 2018, namely:- Charge of commodities transaction tax. 117. On and from the 1st day of April, 2018, there shall be charged a commodities transaction tax in respect of taxable commodities transacti .....

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..... 3. Sale of an option on commodity derivative, where option is exercised. 0.0001 per cent. purchaser Value of taxable commodities transaction. 118. The value of taxable commodities transaction referred to in section 117,- ( a ) in the case of a taxable commodities transaction relating to a commodit .....

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..... clause so as to include option on commodity derivatives . Section 117 of the said Act provides the rate at which a commodities transaction tax shall be chargeable in respect of every taxable commodities transaction, being sale of commodity derivative and that such tax shall be payable by the seller. It is proposed to substitute the said section so as to provide the rate at which the commodi .....

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