Collection and payment of arrears of duties require proceeds of repealed enactments to be paid into the Reserve Bank. Proceeds of duties levied under enactments specified in the Third Schedule immediately before the appointed date, whether already collected by collecting agencies but not paid into the Reserve Bank of India or not yet collected, shall be paid, or collected and paid, into the Reserve Bank of India for credit to the Consolidated Fund of India.
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Collection and payment of arrears of duties require proceeds of repealed enactments to be paid into the Reserve Bank.
Proceeds of duties levied under enactments specified in the Third Schedule immediately before the appointed date, whether already collected by collecting agencies but not paid into the Reserve Bank of India or not yet collected, shall be paid, or collected and paid, into the Reserve Bank of India for credit to the Consolidated Fund of India.
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