Collection of duties: proceeds from repealed or amended enactments must be deposited into Consolidated Fund via Reserve Bank. Clause 238 mandates that proceeds of duties under enactments in the Fifteenth Schedule immediately before assent to the Finance Bill, 2016 must be paid or collected and paid into the Reserve Bank of India for credit to the Consolidated Fund of India, whether already collected but not remitted or not yet collected; the Bill invokes the Provisional Collection of Taxes Act, 1931 to give immediate effect to certain provisions and repeals or amends minimal-yield cesses as specified in the Fifteenth Schedule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Collection of duties: proceeds from repealed or amended enactments must be deposited into Consolidated Fund via Reserve Bank.
Clause 238 mandates that proceeds of duties under enactments in the Fifteenth Schedule immediately before assent to the Finance Bill, 2016 must be paid or collected and paid into the Reserve Bank of India for credit to the Consolidated Fund of India, whether already collected but not remitted or not yet collected; the Bill invokes the Provisional Collection of Taxes Act, 1931 to give immediate effect to certain provisions and repeals or amends minimal-yield cesses as specified in the Fifteenth Schedule.
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