The Taxation Laws (Amendment) Act, 2017 [No. 18 of 2017].
Country
Type of law
Legislation
Abstract
This Act amends various laws and also repeals many laws, specifically mentioned in the Third Schedule. The laws mentioned in the Third Schedule are either repealed in toto or to the extent mentioned therein. The effect of repealing these laws is abolition of certain cesses imposed by such laws. These repealed laws include: i. Water (Prevention and Control of Pollution) Cess Act 1977 which levied cess on water consumed by certain industries and local authorities; ii. Sugar Cess Act 1982 and iii. section 3(2) of the Sugar Development Fund Act 1982, both levying cess on sugar; iv. certain sections of the Rubber Act, 1947 which provided for levying of cess on rubber; v. Section 9 of Industries (Development and Regulation) Act 1951 which provided for cess on certain industries; vi. certain sections of the Tea Act 1953 relating to cess on tea; vii. certain sections of the Coal Mines (Conservation and Development) Act, 1974 relating to cess on coal; viii. Chapter VII of the Finance Act 2010 relating to clean energy cess; ix. Chapter VI of the Finance Act 2015 providing for Swachh Bharat cess; and x. Chapter VI and VII of the Finance Act 2016 relating to infrastructure cess and Krishi Kalyan cess.
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Long title of text
An Act further to amend the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Central Sales Tax Act, 1956, the Finance Act, 2001 and the Finance Act, 2005 and to repeal certain enactments.
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Amends