Amendment of section 206C

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.... the time of debiting of the amount payable by the buyer to the account of the buyer or at the time of receipt of such amount from the said buyer in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, collect from the buyer of any goods of the nature specified in column (2) of the Table below, a sum equal to the percentage specified in the corresponding entry in c....

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.... trading purposes, the provisions of this sub-section shall not apply so long as the certificate is in force."; (b) after sub-section (8), the following Explanation shall be inserted, namely :- 'Explanation : For the purposes of this section, - (a) "buyer" means a person who obtains in any sale, by way of auction, tender or any other mode, goods of the nature specifi....