Proceeds of duties must be collected or remitted into the Reserve Bank for credit to the Consolidated Fund. Provisions require that proceeds of duties levied under enactments listed in the Fifteenth Schedule immediately before assent to the Finance Bill, 2016 be paid into the Reserve Bank of India for credit to the Consolidated Fund of India; sums already collected but not remitted must be paid into the Reserve Bank, and duties not yet collected must be collected and paid into the Reserve Bank for credit to the Consolidated Fund.
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Provisions expressly mentioned in the judgment/order text.
Proceeds of duties must be collected or remitted into the Reserve Bank for credit to the Consolidated Fund.
Provisions require that proceeds of duties levied under enactments listed in the Fifteenth Schedule immediately before assent to the Finance Bill, 2016 be paid into the Reserve Bank of India for credit to the Consolidated Fund of India; sums already collected but not remitted must be paid into the Reserve Bank, and duties not yet collected must be collected and paid into the Reserve Bank for credit to the Consolidated Fund.
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