(1) The amount of tax on the sale of tea or rubber made during the period commencing on and from the 1 st day of April, 1951 and ending with the 30 th day of September, 1957, collected from any dealer, under the Madras Act or under the General Sales tax Act, 1125 (XI of 1125), shall be adjusted towards the tax due from him on such sale as a result of assessment or reassessment in accordance with the provisions of this Act.

(2) If such tax collected under the Madras Act or under the General Sales tax Act, 1125 (XI of 1125), from a dealer is less than the amount of tax due under the provisions of this Act, only the balance shall be recovered from him, and if the tax so collected is in excess, such excess shall be refunded to him.