 to the financ~ (no2) mll, 1965 (as int r~yc ed in lok sabha) page 1, line a,_re-print with line numberjv1 aft~r r 1900 i ~ 2 p ag e 3, 11ne 36,_ , , , after i ·(loa):~ 1rs cmt i i ,  3 page 9, line 33,_ after "faith it insert ii 'i ) page 10, line 29,-l2i i( 5) , ~ '(4\) i 5 page 10, line 40,-~ at the end-" - ii 6 page 12, line 19,-after "than" insert 7 page 17, line 26,-" '" , ill "(hereinafter" ~ iirhereafterlt 8 page 19, line 31,-after "substituted" w ":" read ii ii , 9 page 26, line 32,-in columi} 5, after "li tre'! insert "  - 10 page 28, line 5,-in -column 4, after "w1 yalorem" wt " " - '11 • " page 30, line 51,-ii ii , in ~olumn 2, after itdyes" qwll , 12 pa~d 35, lines·t1-and 12,-in column 2, !2t itmanu-fecture"'- read "manufacture" 13 page 36, in column 1, line 46,-,!gt "9(3) ii ~"59(3) ii 14 p ag e 38, line 7,-in column 4, aftet "ad valorem" insert  it - 15 page 48, line 46,-in column 4, after tlad valoremtl insert  ti - 16 page 51, line 3,-after "1953" iqr ti1t reed "," 17 page 58, line 2 fran bottoi:l,-ow "( 5) ii ~ "(4:j it 18 page 58, line 11 from bottom,-for uc 5) it nwl 1i(4a) u '  19 ?age 64, line 18,-m "post ll l:w "posts" 20 correct line numbers on pages 2, 25, 26, 27, 29, 30, 31, and 48  the finance (no2) bill, 1965                                a                              bil l further to atiiend certain laws relat;", to direa tazes, to profjids   for voluntary disclosure of income, to increase or modify    duties of customs on certain goods imported into india and    to increase or modify and to impose duties of excise on   certain goods produced or manufactured in india   be it enacted by parliament in the sixteenth year of the repubuc of india as follows:-  1 this act may be called the finance (no2) act, 1965                                                                  sbort titj& 43 of 1961 2 in section 2 of the income-tax act, 1961 (hereinafter referred aftmiiid, 5 to as the income-tax act), in sub-clause (if) of clause (14), after the ~~ figures "1977", the followin~ shall be, and shall be deemed to have been, inserted with effect from the 1st day of april, 1965, namely:-10 "or 7 per cent gold bonds, 1980," 3 in section 10 of the income-tax act,-amencs- t~ (a) after clause (10) i the following clause shall be, and shall 1ecu0il 10 be deemed always to have been, inserted, namely:-"(10a)(i) any payment in commutation of pension received under the civil pensions (commutation) rules of the central government or under any similar scheme tppli  cable to the members of the defence services or to the -_~~ployees of a state government, a local authority or a corporation established by a central, state or provincial act; s (ii) any payment in commutation of pension received under any scheme of any other employer, to the extent it does not exceed-(a) in a case where the employee receivel any gratuity, the commuted value of one-third of the pension 10 which he is normally entitled to receive, and (b) in any other case, the comnmted value of onehalf of such pension, such commuted value being determined having regard to the age of the recipient, the state of his health, the rate of is interest and officially recognised tables of mortality : provided that the maximum limit of payment specified in sub-clause (ii) (a) or sub-clause (ii) (b) shan not apply in respect of any such payment made before the 19th day of august, 1965;"; 20 (b) in sub-clause (ii) of clause (15), for the words "and interest on deposits in post office savings banks", the following shall be substituted, namely:-lcinterest on deposits in post office savings banks and bonus in respect of deposits under the post office savin, 2s bank (cumulative time deposits) rules, 1959";  (c) after clause (23), the following clause shan be, and shall be deemed always to have been, inserted, namely:-'(23a) any income (other than income chargeable under the head "interest on securities" or "income from house   d f d' !j:l 30 property" or any income receiv~ or ren e~mg any specwc services or income by way of mterest or dividends derived from its investments) of an association or institution established in india having as its object the control, supervision, regulation or encouragement of the profession of law, ~s medicine, accountancy, engineering or architecture or, such other profession as the ce~tral govex:nme~t ~ay specify ,in this behalf, from time to time, by notification in the officlal gazette: provided that-40 (i) the association or ~titution applies its income, or accumulates it for apphcabon, solely to the objects for which it is established; and (ii) the association or institution is fdr-the time being approved for the purpose of this clause by the central ________  ~?~e~ment by general or special order;'; - (d) after clause (26), the following clause shall be, and s shan be deemed always to have been, inserted, namely:-"(26a) any income accruing or arising to any person (not being an individual who is in the service of government) from any source in the district of ladakh or outside india in any previous year relevant to any assessment year com-10 mencing before the 1st day of april, 1970, where such person is resident in the said district in that previous year: provided that this clause· shall not apply in the case of any such person unless he was resident in that district in the previous year relevant to the assessment year commen-1$ cing on the 1st day of april, 1962 explanation-for the purposes of this clause, a person shall be deemed to be resident in the district of ladakh if he fulfils the requirements of sub-section (1) or sub-section (2) or sub-section (3) or sub-section (4) of section 6, as the ;20 case may be, subject to the modifications that-(i) references in those sub-sections to india shall be construed as references to the said district; and  ", (ii) in clause (i) of sub-section (3a reference to indian company shall be construed as reference to a company formed and registered under any law for the time being in force in the state of jammu and kashmir and having its registered office in that district in that year;"; (e) for clause (28), the following clause shan be substituted, 30 namely:-~ "(28) any amount adjusted or paid in respect of a tax credit certificate under the provisions of chapter xxiib and any scheme made thereunder" 4 in section 17 of the income-tax act, in luh-clause (ii) of amecd-3s clause (3), after the word, brackets and figures "clause (10)", the =~:t1'1 word, brackets, figures and letter "clause (loa)" shall be, end shall be deemed always to have been, inserted 5 in section 33 of the income-tax act, in clause (iii) of sub- amend- (1) ment 01 section ,-aectlon 33 (i) in sub-clause (4), for the figures "1966", the figures "1965" shall be, and shall be deemed to have been, substituted 40 with effect from the 1st day of april, 1965 i (ii) for sub-clause (c), the following sub-clause shall be, and shall be deemed to have been, substituted with effect from ______ ~e 1st clay of april, 1965, namely:-"(c) where the machinery or plant is installed after the 31st day of march, 1965,-s (a) for the purposes of business of construction, manufacture or production of anyone or more of the articles or things specified in the list in the fifth schedule,-(a) thirty-five per cent of the actual cost of the 10 machinery or plant to the assessee, where it is installeci before the 1st day of april, 1970, and (b) twenty-five per cent of such cost, where it is installed after the 31st day of march, 1970, and (b) for the purposes of any other business,-is (a) twenty per cent of the actual cost of the machinery or plant to the assessee, where it it installed before the 1st day of april, 19'70, and (b) meen per cent of such cost, ~ hel·e it ja installed after the 31st day of march, 1970," ao 8 in section 43 of the income-tax act, in clauifj (6), after subclaum (b), the following proviso shall be, and shau be deepled alway' to have been, inserted, namely:-'provided that in determining the written down value m respect of bulldings, machinery or plant for the purposes of 2$ clause (ii) of ' sub-section (1) of section 32, "depreciation actually nowed" shall not include depreciation allowed under sub-clauses (4), (b) and (c) of clause (vi) of sub-section (2) 01 section 10 of the indian income-tax act, 1922, where such depredation was 11 of uii not deductible in determining the written down value for the 30 purposes of the said clause (vi)" 7 in section 44a of the income-tax act, in sub-secti6n (1), after the words "any trade, professional f!'r similar assoeiation"jhe brackets, iection 44a words, figures and letter "[other than an association or institution referred to in clause (23a) of section 10]" shall be, and shall be 3' deemed always to have been, inserted amend- rceat of seetiod 84 8 in section 84 of the income-tax act, in clause (iii) of subsection (2), for the words "eighteen years", the words "twenty-three years" shall be substituted amendment of section 88 9 in section 88 of the income-tax act,- 40 (a) after sub-section (5), the following sub-sections shall be, and shall be deemed to have been, inserted with effect from the s 1st day of april, 1964, namely:-'(sa) in this section, "charitable purpose" does not include any purpose the whole or substantially the whole of which is of a religious nature (sb) nothing contained in sub-section (sa) shall affect the benefit conferred by sub-section (1) in respect of any sums paid before the 1st day of april, 1964, by way 01 donations referred to in clause (ii) or clause (iii) of that sub-section' ; 10 (b) in sub-section (6), for the words, brackets and figure "in sub-section (s) ", the words, brackets, figures and letter "in sub-section (s) or sub-section (sa)" shall be, andshall be deemed to have been, substituted with effect from the 1st day of april, 1964 10 in section 112 of the income-tax act,-amend-(a) in clause (i), for the words "and of the capital gains", =~et113 the words and brackets "and by the amount of the interest on national savings certificates (first issue) and of the capital gains" shall be substituted ; 20 (b) in clause (iii), for the words "by the amount of capital gams", the words and brackets "by the amount of the interest en national savings certificates (first issue) and of the capital lains" shall be lubstituted ; (c) for clause (tv), the following clause shall be lubstituted, namely:-"(iv) the tax on the interest on national savini certia· cates (first issue) and on capital gains, if any, computed in accordance with the provisions of clause (b) of section 112a and clause (b) of section 114, respectively" 30 11 after section 112 of the income-tax act, the following section lnmrtloil shall be inserted, namely: -~= 35 40 112a "112a where the total income of an assessee, not being a tax all company, includes any interest on national savings certificates ~=-' can (first issue), the tax payable by him on his to~l income ihall  ~ be-' certiftcates  (flrat (a) the amount of income-tax payable on the total income issue) as reduced by the amount of such inclusion and by the  amount of compensation or other payment referred to in clause (ii) of section 28 and of the capital gains, if any, had the total income so reduced been his total income ; plua (b) the amount of income-tax calculated on the amount of such interest included in the total income at the average rate of income-tax which would have been applicable to the total income if the amount of such interest and the smount of compensation or other payment and of the capital gains aforesaid, if any, had not formed part of it ; plw (c) income-tax on such compensation or other payment and on such capital gains, if any, computed in accordance s with the provisions of clause (iii) of section 112 and of clause (b) of section 114, respectively expzanation-for the purposes of clause (b), the average rate of income-tax shall be calculated as if the total income as reduced in the manner specified in the said clause consisted 10 wholly of earned income as defined in thefjnance act of the relevant year" 12 in section 114 of the income-tax act,-amendment of seetlon 114 (a) in clause (a), for the words, brackets and figures "if any, referred to in clause (ii) of section 28", the words, brackets is and figures "referred to in clause (ii) of section 28 and of the interest on national savings certificates (first issue), if any," shall be substituted; (b) in sub-clause (i) of clause (b), after the wl)rds "the amount of compensation or other payment", the words and ao brackets "and of the interest on national s~vings certiftca~s  (first issue)" shall be inserted; (c) for clause (c), the following clause shall be substituted, namely:-ii (c) the tax on such compensation or other payment 2s and on the interest on national savi~gs certiftcates (fint issue) aforesaid, if any, computed in accordance with the provisions of clause (iii) of section 112 and of clause (b) of section 112a, respectively" amend-13 in section 193 of the income-tax act, for the proviso, , the fol  30 =:f193 lowing proviso shall be substituted, namely:-"provided that no tax shall be deducted from-(i) any interest payable on 41 per cent national defence bonds, 1972, where the bonds are held by an individual, not being a non-resident; or 35 (ii) any interest payable on national savings certifica' tes (first issue); or (iii) any interest payable on 51 per cent gold bonds, 1977 or 7 per cent gold bonds, 1980, where the bonds are s held by an individual not being a nonoresident, and the holder thereof makes a declaration in writing before' the person responsible for paying the interest that the total nominal value of -tb;e 6i per cent gold bonds, 1977 oj":-as the case may be, the 7 per cent gold bonds, 1980 held by him (including such bonds, if any, held on his behalf by any other person) did not in either case exceed ten thousand rupees at any time during the period to which the interest relates"  10 14 in section 280m of the income-tax act, for sub-section (2), the amend following sub-section shall be substituted, namely: _ =~nof 280m "(2) where any d;epositor has deposited any amount for any assessment year which-(a) he is not liable to deposit under the provisions of is this chapter or which is in excess of the amount required to be deposited under the said provisions for that year; or (b) is less than the amount required to be deposited under the said provisions for that year and an additional amount has been recovered to make up the deficiency, 20 then the entire amount, excess amount or atiditional amount, as the case may be, may be ~funded, adjusted or otherwise dealt with in such manner and having regard to such factors as may be specified in a scheme framed under section 280w" 15 in section 280n of the income-tax act, for the words "adjust· amend-2s ed or otherwise dealt with in such manner as may be provided", the ~f following shall be substituted, namely: -lion "refunded, adjusted or otherwise dealt with in such mannet and having regard to such factors as may be specified" 16 in section 280w of the income-tax act, in clause (b) of sub- ameod-30 section (2), for the words "and the manner in which the excess ot ~ of deficiency of annuity deposit may be adjusted or otherwise dealt 280w with;", the following shall be substituted, namely:-"and the manner in which the amount of annuity deposit which is not required to be deposited under the provisions of 35 this chapter or the excess or deftciency of annuity deposit, as the case may be, may be refunded, adjusted or otherwise dealt with and the factors that may be taken into accoudt in this co~ tiod;" amendmentof cuon 280zc 17 ia section 280zc of ~ income-tax act,-(i, in sub-section 0), the following ezplanatimib shall be, and shall be deemed to have been, inserted with effect from the; 1st day of april, 1965, namely:-'explanation i-for the removal of doubtait is hereb)' declared that the expression "sale proceeds" in this subsection doles not include freight or idstu'adce attributable to the transport of the goods or merchandise beyond the cu- 10 toms station as defined in the customs acf, 1962 &2 clf 1952 explanation 2-for the purposes of this sub-section, - person who exports any goods or merchandise in respect ot which the declaration in pursuance of rule 3 of the foreign exchange regulation bules, 1952 is required to be in- form i' ep, or form ep i in the first schedule to the said rules, shall not in respect of such goods or merchandise be deemed to have received the sale proceeds in india in accordance with the foreign exchange regulation act, 1947, and the j of im7 rules made thereunder unless he receives the same in india 20 through an authorised dealer as defined in the said act'; (ii) for sub-section (4), the following sub-section shall be  substituted, namely:-11 of 1122-ii (4) the amount shown on a tax credit certificate granted to any person under this section shall, on the certificate 25 being produced before the income-tax ofbcer, be adjusted against any liability of that person under the indian incometax act, 1922, or this act, existing on the date on which the certificate was produced before the income-tax officer and where the amount of such certificate exceeds such liability, 30 or where there is no such liability, the excess or the whole 'of such amount, as the case may be, shan;' notwithstanding anything contained in chapter xix, be deemed, on the said date, to be refund due to such person under that chapter and the provisions of this act shall apply accordingly" 35 18 in the fifth schedule to the income-tax act, in item (3), for the words "iron ore", the words "cp,81, lignite, iron ore" shall be, uld shall be deemed to have been, substituted with effect from the 1st day of april, 1965 19 in section 3 of the estate duty act, 1953, after sub-section (3), amendth - ii' b- h ment of e 10 owing su ~ecbon s all be, and shall be deemed to have been, act 34 of inserted with effect from the 1st day of april, 1964, namely: _ 1953 " (4) any reference in sections 9, 11 and 33 to pubuc chari-s table purpose or purposes in relation to a gift made or disposition or determination of an interest effected or suffered on or after the 1st day of april, 1964 shall be construed as not including a purpose the whole or substantially the whole of which is of a reugious nature,", 10 zoo in the wealth-tax act, 1957,-=~ (i) in section 5, in sub-section (1), for clause (zvia), the t:7~7 of following clause shall be, and shall be deemed to have been, substituted with effect from the 1st day of april, 1965, namely:-is i, (xvia) 6i per cent gold bonds, 1977 and 7 per cent gold bonds 1980'''' , ,  , (ii) in section 18, after sub-section (2), the following subsections shall be inserted, namely:-20 "(2a) notwithstanding anything contained in clause (i) or clause (iii) of sub-section (1), the commissioner may, in his discretion,-(i) reduce or waive the amount of minimum penalty imposable on a person under clause (i) of sub-section (1) for failure, without reasonable cause, to furnish the return of net wealth which such person was required to furnish under sub-section (1) of section 14, or -(ii) reduce or waive the amount of minimum penalty imposab!e on a person under clause (iii) of subsection (1), if he is satisfied that such person--(a) in the ease referred to in clause (0 of this subteetion hal, prior to the issue of notice to him under sub-section (2) of section 14, voluntarily and in good faith made full disclosure of his net wealth; and in the ease referred to in clause (ii) of thij sub-aect1on has, prior to the detection by the wealth-tax ofticer of the concealment of particulars of uleta or of the inaccuracy of particulars furnished in respect of the assets or debts in respect of which the penalty is imposable, voluntarily and in good faith, made full and true disclosure of such particulars; (b) has co-operated in any enquiry relating to the assessment of the wealth represented by such assets; 5 and (e) has either paid or made satisfactory arrangements for payment of any tax or interest payable in consequence of an order passed under this act in respect of the relevant assessment year 10 (2b) an order under sub-section (2a) shan be final and shall not be called in question before any court of law or any other authority"; (iii) in sections 31 and ma, for the words "four per cent", wherever they occur, the words "six per cent" shad be, and shall 15 be deemed to have been, substituted with effect from the lst day of april, 1965; (iv) in section 36,-(a) after sub-section (3), the following sub-section shall be inserted, nam,ely: -20 "(3a) a person shall not be proceeded against for an offence under sub-section (2) in relation to the  assessment for an assessment year in respect of which the penalty imposable upon him under clause (iii) of sub-section (1) of section 18 has been reduced or waived 2s byan order under sub-section (2a) of that section"; (b) after sub-section (4), the following sub-section !shall be inserted, namely:-ii (5) where any proceeding has been taken against any person under sub-section (3), any statement made 30 or account or other document produced by such person before any of the wealth-tax authorities specifted in iectiodl 8, 9, 10, loa and 11 shall not be inadmintble as evidence for the purpose of such proceedings merely on  the ground that such statement was made or such 3' account or other document was produced in the beuef that the 'penalty imposabje would be reduced or waived under sub-section (2a) of section ie or that the offence in respect of which such proceeding was taken 'would be compounded" 40 21 tn the gift-tax act, 1958,-(i) in section 5, after sub-section (1), the following iub-aec- t:i1of tion shall be, and shall be deemed to have been, idserted with effect from the 1st day of april, 1964, namely:-s "(1a) any reference in clause (1j) or clause (vi) of sub-section (1) to charitable purpose in relation to a gift made on or after the 1st day of april, 1964 shall be construed as not including a purpose the whole or substantially the whole of which is of a religious nature"; 10 (ii) ill seed  3! aatl 33a fer the w" ''fear t " r-ue&ever they oooui', the  ''1m per ~" iiiaii ~  sball be deemed to have beea iiibbututed with dr frem· tile 1st day of april, 1965 • 22 after section 24 of the companies (profits) surtax act, 1964, iuirtlod of is the following section shall be inserted, namely: -;:: :1: , of 18m -  "24a the central government may enter into an agree- ~t mentfaniad  g f  indi coudtftei (a) with the overnment 0 any country outside a for the granting of relief in respect of chargeable proftta 20 i-j 25 00 which have been paid both surtax under this act and taxof a similar character or income-tax on lueh proflta lit that country, or (b) with the government of any country outside india for the avoidance of double taxation of chargeable pro1lts under this act and under any law relating to the taxation of income or profits in force in that country  23 notwithstanding anything contained in the indian income- excluilon 11 of 1922 tax act, 1922, any sum due to or received by any person in com- :uci-mutation of pension shall not be included and shall be deemed ftlue of 30 never to have been includible in cqmputing the total income of =-:tat such person under the provisions of that act ::::-the ldd1an income-tu act 18d 24 (1) subject to the provlslons of this section, where any voluntal'7 person makes, on or after the 19th day of august, 1965, and before :,~ the' 1st day of april, 1966, a declaration in accordance with sub-35 section (2) in respect of the amount representing income charge-22 able to tax under the indian income-tax act, 1922 or the income-11 of 19  tax act, 1961 for any assessment year commencing on or before the ,1st day of april, 1964-(4) for which he has failed to furnish a return within the time allowed under section 22 of the indian income-tax act, 1922 or section 139 of the income-tax act, 1961, or 11 of 1922 s 43 of 1981 (b) which he has failed to disclose in a return of income filed by him on or before the 19th day of august, 1965 under the' indian income-tax act, 1922 or the income-tax act, 1961, or 11 of 1922 43 of 1981 (c) which has escaped assessment by reason of the omission or failure' on the part of such person to make a return under 10 ,either of the said acts to the income-tax oftlcer or to disclose iully and trllly all material facts necessary for his l1811es1pdent, he shall, notwithstanding anything contained in the said acts, be charged income-tax in accordance with sub-section (3) in respect of the amount so declared or if more than one declaration has been is : made by a person the aggregate of the amounts declared therein,  as reduced by any amount specified in any order made under su}) /' section (4) or, if such amount is altered by an order 0' the board ',~ under' su})section (6), then such altered amount (hereafter in this   ,section referred to as the voluntarily disclosed income): 20 provided that nothing in this section shall apply to the amount representing income assessable for any assessment year for which a notice under section 22 or section 34 of the indian income-tax act, 1922 or section 139 or section 148 of the income-tax act, 1961 11 of if122 has been served upon such person and the' date for furnishing the 2$ 43 of 1981 return, whether fixed originally or on extension, falls beyond the 19th day of august, 1965 and the return has not been furnished on or before the said date (2) the declaration shall be made to the commissioner and " shall contain the name, address and signature of the person making 30 the declaration (hereafter in this section referred to as the declarant) and also full information irl respect of the following matters, namely:-(a) whether he was assessed to income-tax or not and, if assessed, the designation of the income-tax officer by whom 35 he was last assessed; (b) the amount of income declared, giving, where available, details of the previous year or years in which the income was earned and the amount pertaining to each such yeari (c) whether the amount declared is  represented by cash (including bank deposits), bullion, investment in shares, debt due from other persons, commodities or any other assets, and -the name in which it is held and location thereof s (3) income-tax shall be charged on the amount of the voluntaruy disclosed income-(4) where the declarant is a person other than a company, at the rates specified in paragraph a, and (b) where the declarant is a company, at the rates specified in paragraph f, 10 10 of 19a of part i of the first schedule to the finance act, 1965, 81 if luch amount were the total income of the declarant, so, however, that-(i) the proviso to the said paragraph a or, as the case may be, the second proviso to the said paragraph f shall not apply; is (ii) where the declarant is a person other than a company, the voluntarily disclosed income shall be deemed to be earned income; 20 (iii) where the declarant is a company, the voluntarily discjosed income shall be deemed to consist of income other than income by way of royalties or fees for renderm, technical services or profits and gains derived from the business of generation or distribution of electricity or any other form of power or of construction, manufacture or production of fln), article or thing or of processing o~ goods or mining; and 25 (iv) where the declarant is a firm, it shall be deemed to be an unregistered firm ezp14nation-for the purpose of charging income-tax at the l:ales specified in paragraph f of part i of the first schedule to 10 of ip65 the finance act, 1965, a company shall be deemed to be a company 4~ of 1961 30 as is referred to in section lob of the income-tax act, 1961, if it is such a company in relation to the assessment year commencing on the 1st day of april, 1965 (4) (4) within thirty days of the receipt at a declaration under sub-section (2), the commissioner shall, if he is satisfied that the 35 whole or any part of the amount of income declared therein hal been detected or is deemed to have been detected by the incometax officer prior to the date of the declaration, make an order in \\riting to that effect recording therein his reasons therefor and specifying the amount of such income [which he shall estimate to the best of his judgment on the basis of such statement, information, document or otber relevant material (including any asset) as is reierred to in clause (b)] and forward a copy thereof to the declarant: provided that no order under this sub-section shall be made unless the declarant has been given an opportunity of being heard , (b) for the purposes of this section, income shall be deemed to have been detected by the income-tax officer if-(i) on the basis of any statement, information, document or other relevant material (including any asset seized under section 132 of the income-tax act, 1961) which is in the knowledge or 10 a of 1961 possessio of the income-tax ofticer before the date of the declaration or (ii) on the basis of any statement, information, document or other relevant material (including any asset seized under any other law: for the time beinji! in force) which is in the knowledge 15 or possession of any other officer of government before the said date and which has come to the knowledge or possession of the income-tax officer not later than fifteen days from the date of the declaration, such income can be shown to exist or its existence is considered 20 so probable that a prudent man ought under the circumstances of the particular case to act upon the supposition that it exists '(5) 'u any person objects for any reason to an order passed by the commissioner under sub-section (4), he may, within thirty day!$ of the date on which such order is served on him, make an 25 application to the board, stating therein the reasons for such objection and requesting for appropriate relief in the matter (6) on receipt of the app1ication under sub-section (5), the bqard may, after giving the applicant an opportunity of being beard, pass such orders as it thinks fit and forward a copy thereof 30 to the applicant and also to the commissioner (7) (a) the commissioner shall, as soon as may be after the rec:eipt of the declaration, forward ,the same to the income-tax officer together with a copy of his order, it any, under sub-section (4) and: the income-tal! officer shall thereupon determine the sum 3' payable by the declarant in accordance with sub-section (3) and shall serve upon him a notice of demand under section 156 of the incometax act, 1961, and the provisions of chapter xv and chapter xvll-d 43 of 1981 of, and the second schedule and the third schedule to, that ,act ,mall as far as may be apply accordingly as if the' amd sum were a awn payable under that act: provided that nothing contained in the said chapter xvii-d rhall be deemed to authorise the income-tax officer to extend the 5 time for payment of the tax due or allow payment thereof 'in instalments unless-(i) such amount as is not less than ten per cent of the amount specified as payable in the notice o~ demand is paid by the declarant within thirty-five days of the aervice of the 10 'dotice; and '(ii) the previous authority of the commissioner is obtained by him for allowing payment of the balance by instalments: provided further that-(i) the commissioner shall in no case authorise payment 15 by instalments unless the declarant furnishes such security for the payment of the balance of tax due in such fonn and in such manner as the commissioner may in his discretion, direct; (ii) the instalments so authorised shall in no case extend beyond four years from the date of the declaration 20 (b) where in consequence of an order passed by the board under sub-section (6) • any additional amount of income-tax is found to be payable by the declarant under this section, the income-tax officer shall serve upon the declarant a further notice under, section 43 of 1961 156 of the income-tax act, 1961 in respect of such additional 2s amount and all the provisions of clause (4) of this luihection shall apply accordingly as if the notice were a notice issued under that clause (8) an order under sub-section (6) shall be final and shall dot be called in question before any court of law or any other authority 30  (9) any amount 'of income-tax paid in pursuance of a declara- tion made under this section shall not be refundable in any  ,circumstances and do person who has made the declaration,  11, be ,edtitled, in respect of the voluntarily discloaed iilcome or • ,  amount ot tax paid thereon, to re-open any asl8lmlent· or 'reaue  3· ~ ment made under the indian income-tax act 1922, or the income-11 ot 1922 j - 43 ot 1961 tax act 1961 or the excess profits tax act 1940 ,or the bujineu u clf 1940 profits tax act, 1947, or the super profits tax act, 1963 or the 21 ot 1947 companies (profits) surtax act, 1964 or claim any set off or relief 14 of 1963 in any appeal, reference, revision or other proceeding in relation 7 of 1984 40 to any such assessment or re-assessment (10) (ei) the amount of the voluntarily disclosed income shall not be included in the total income of the declarant for any assessment year under any of the acts mentioned in bub-section (p) if he has credited such amount in the books of account, u any, maintained by him for any source of income or in any other record 5 (b) the credit made shall be intimated by the declarant to the income-tax officer (11) notwithstanding anything contained hereinabove or in any other law for the time being in force, nothing contained in any declaration made under this section shall be admissible u evidence 10 ilgainst the declarant for the purpose of any assessment proceeding or any proceeding relating to imposition of penalty or for the purpose of prosecution under any of the acts mentioned in sub-section (9) or the wealth-tax act, 1957, in respect of any amount specified in an 27 of 1957 order made by the commissioner under sub-section (4) or, if such is amount is altered by an order of the board under sub-section (6), then, such altered amount (12) (a) all particulars contained in any declaration made under this section or record of any proceeding under this section shall be treated as confidential and, notwithstanding anything con- 30 lained in any law for the time being in force, no court shall be entitled to require any public servant to produce before it any such declaration or record or any part thereof or to give evi~nce before it in respect thereof (b) no public servant shall disclose any particulars contained 2s in any such declaration or record except to any officer employed in the execution of any of the acts mentioned in sub-section (9), or the wealth-tax act, 1957, or to any officer appointed by the comp-17 of 1857 troller and auditor-general of' india or the board to audit income-tax receipts or refunds 30 (13) the provisions of section 1m of the income-tax act, 1961 p of 1881 shall, as far as may be, apply in respect of the rectiftcation of any mistake apparent from the record of any proceeding under this section as they apply to the rect1ft\,1atlon of a mistake fa any order  under the said ~ct " (14) any payment of income-tax under thli section shall be made by depositing the amount to the credit of the central government at a government treasury or sub-treasury, or at any branch of the' reserve bank of india, or at any branch of the state bank of india, or at any of its agencies conducting govemmen,t, 40 treasury business ' (15) the commissioner shall on an application by the declarant grant a certificate to him setting forth the particulars of the voluntarily disclosed income and the amount of income-tax paid in respect of the same and the date of payment: 5 provided that no certificate under this iub-section shall be granted unless the income-tax charged in pursuance of sub-section (3) of this section and the interest, if any, payable under sub-43 of 1961 section (2) of section 220 of the income-tax act, 1961, has been paid by the declarant in full 10 10 of 1965 (16) (4) in this section,-(i) "earned income" shall have the meaning assigned to it in the finance act, 1965; 43 of 1961 is (ii) "person" shall have tl¥! meanini assigned to it in clause (31) of section 2 of the income-tax act, 1961, but shall not include any local authority or a corporation established by a central, state or provincial act 43 of 1961 (b) all other words and expressions used in this section but not defined and defined in the income-tax act, 1961, shall have the meanings respectively assigned to them in the said act (a) in section 2a-(i) in sub-section (1) ,-20 25 in the indian tariff act, 1934 (hereinafter referred to as the amend tariff act),--25 (1) for the words "shall be liable to customs duty", the following shan be substituted, namely:-"shall, in addition, be liable to duty (hereinafter in this section referred to as the additional duty)", (2) for the words "customs duty", the words "addi· tional duty" shall be substituted; 35 (ii) in sub-section (la), for the words "the customs duty on any imported article equal to the excise duty for the time being leviable on a like j,rticle, if produced or manufactured in india, where such excise duty", the following shall be substituted, namely:-"the additional duty on any imported article, where such duty"; (iii) for sub-section (2), the following sub-sections shall be substituted, namely: -" "(2) if the central government is satisfted that in respect of any article imported, the duty leviable under sub  section (1) does not fully countervail the excise duty chargeable on a like article if produced or manufactured "in india including the excise duty chargeable on the raw materials, components or ingredients used in the production or manufacture of such article, the central govern- s ment may, by notification in the official gazette, direct that the additional duty chargeable in respect of the imported article shall include an amount representing such portion of the excise duty chargeable on such raw materials, components or ingredients as may be deter- 10 mined by rules made by the central government in this behalf  (3) in making any rules for the purposes of subsection (2), the central government shall have regard to the average quantum of the excise duty payable on is the raw materials, components or ingredients used in the production or manufacture of such like article (4) the duty chargeable under this section shall be in addition to any duty imposed under this act or under any other law for the time being in force 20 d2 of 1962 (5) the provisions of the customs act, 1962 and the rules and regulations madt thereunder, including those relating to refunds and e~emption from duties, shall so far as may be, apply to the duty chargeable under this section" ; zs (b) the first schedule shall be amended in the manner specified in parts i and ii of the schedule to this act 26 in the central excises and salt act, 1944, in the first schedule,-amend-dlent of act 1 of 1944      (a) in item no6, for the entry in the third column, the entry "four hundred and fiity-five rupees per kilolitre at fifteen degrees 30 cf centigrade thermometer" shall be substituted;      (b) in item no7, for the entry in the third column, the entry "two hundred and thirty-five rupees per kilolitre at fifteen degrees of centigrade thertnometer" shall be substituted;      (c) in item no8, for the entry in the third column against 3s each of the sub-items (a) and (b), the entry "four hundred and eighty-nine rupees per kilolitre at fifteen degrees of centigrade thermometer" shall be substituted; (d) in item no9, for tb,,, entry in the third column, the entry "eighty rupees per metric tonne" shall be substituted; (e) in item no 10, for the entry in the third column, the el\try "eiihty rupees per metric tonne" shall be substituted; 5 (f) in item no 11, for the entry in the third column against each of the sub-items (1) and (2), the entry "thirty per cent ad v~loremn shall be lubstituted; (g) in item no lla, for the entry in the third column, the entry "ten per cent ad v~zorem" shall be 8ubatituted; 10 (h) in item no 14e,-(i) the existing erp~n4tion shall be numbered u expl~nation 1; (ii) after e:rplan~tion 1 as so re-numbered, the following explanation shall be inserted, namely:-is 'explanation ii-"alcohol", "opium", "indian hemp", "narcotic drugs" and "narcotics" have the meanings respectively assigned to them in section 2 of the medicinal and toilet preparations (excise duties) act, 1955'; 16 of 1955 20  (i) in item no 14f, the following explanation shall be inserted at the end, namely:-'expzanation-"alcohol", "opi~r:n", "indian hemp", "narcotic drugs" and "narcotics" have the meanings respectively assigned to them in section 2 c!)f the medicinal and 2s toilet preparations (excise duties) act, 1955'; 1 of 1955 (j) in item no 2ft, for the entry in the third column the entry "seventy-ftve rupees per metric tonne" shall be substituted; (k) in item no 215a, for the entries in the third column against" sub-items (1) and (2};-the entries "one thousand and ft~e 30 hundred rupees per metric tonne" and "two thousand rupees per metric tonne" shall, respeetively, be substituted: (1) in item no 26aa, for the entry in the third column against each of the sub-itelll8 (i) and (ia), the entry "fifty rupee per metric tonne plus the excise duty for the time being leviable 35 on steel ingots" shall be substituted; (tn) in item no 28b, f~ub-items (1) and (2), the followin& sub-items shall be substituted, namely:-five hundred "(1) unwrought, including ingots, cakes, bars, blocks, hard or soft slabs, billets, plates, cathodes, anodes, pellets, spelter, dross, ashes and broken zinc rupees s per metric tonne [0 (2) manufactures, the following, namely, plates, eight sheets, circles, strips and foils in any form or hundred size (3) pipes and tubes  , rupees per metric tonne ten per cent, ad "cuorem",· (n) after item no 27, the following item shall be inserted, namely:-·'27a lead unwrought, including ingots, pigs, l'ive blocks, anodes, slabs, cakes and cast sticks hundred rupees per metric 25 tonne:' declaration under the provisional collection of taxes act, 1931 [t is hereby declared that it is expedient in the public inte'rest that the provisions of clauses 25 (b) and 26 of this bill shall have imme-18 of 1931 diate eftect under the provisional collection of taxes act, 1931 30 pallt i the first schedule to the tarhr act shall be amended in the , manner and to the extent speciied in the table annexed hereto, and the existing entries in any column thereof whioh have not been flq amended shall continue unaltered item no lq duntioll of pro-tecuve pnrfcrcdtial rate of duty if tbd artidc is the produce or ididufacture of nature of 4uq nldlc of vti¥ic standard rate of dutt i z 3 5 1 is for the existinl entries in coluldill 4 5 and 6, substitute-i 1(1) 20 2 3 3(1) 25 3(2) 3(3) 30 3(4)  3s 4(1) 4(4) 4cs) 60 per cent ad flalor", 60 per c:cnt ad valor" 60 percent ad vtwrm 60 percent ad va/ormr 60 per cent ad valor", 60 per cent ad flaiomrr 60 per cent ad flalor" 60 percent ad valorem 60 per cent ad valor,m 60 per cent ad valor" 60 per cent ad valor" 60 per cent tid valor"" 40 per cent ad valor"" 40 s --per quinlll 8(zxb)(a) per quintal 8(z)(8)(6) quintal 8(zxb)(c) per ri70 per quintal quintal 1$1 10 per cent 40 ad oaidrem 8(z)(c) ri30 per ri 30 ~ quintal quintal 10 per cent till flalorwrr 4s 8(axdxa) ra 400 per ri·400 l: quintal quintal 10 per cent till oalorwwr s(axdx) ita 1,000 per lti 1,000 per 50 quintai quintal z" 10 per ceat _ fltjitmm s(axb)(tj) ri 2oc) per its 2oc) per qu1mal quintal ims 10 per cent ad 0""", 5s ra 260 per quintal quintal ," 10 per cent ra 400 per quintal 100 per cent ad oalor,m per quintal 111 10 per cent ad flalorat 100 per cent ad oajorwn 100 per cent ad oalur,m 100 per cent ad otuor,m 100 per cent ad oalur", 100 per adotuor  100 per cent ad otuorm 100 per ad oalurm 60 per cent ad otuormt 60 per cent a4oalonm 60 per ocdt ad oalormt 60 per cent ad oaldrem 60 per !cent ad oalur  60 per ~ ad otuor4m 60 per ceat adotuor  60 per cent ad otuormj 60 per cent adoalor  60 pes cent ad oalur", 100 per cent , oalomn 60 per edt adalomn 60 per cent ad"alur  13 40 per cent tid valor", ••  13(1) 40 per cent tid "tj/orwnt •• •• 13(~) 60 per cent so per cent 5 tid valor" lid valor  13(3) 60 per cent tid "tj/orwnt 13(4) 60 per cent so per cent 10 tid"  till valor" 13(s) 60 per c8dt  lid "tiiormi 13(6) 60 per cent tid "alor" 15 13(7) 60 per cent ad vtjlomrl 13(8) 60 per cent ad "alorem 13(9) 60 percent 60 per cent 20 tid vglorc  tid ~ 14 60 per cent tid valor" is 60 per cent 25 ad valor" is(i) 60 per cent ad valorwr 1,(2) 60 per cent tid valdrnn is(3) 60 per cent 30 tid vjar", is(4) 60 per cent tldv~ is(s) 60 pel' cent  tid valor", 35 1,(6) 60 per cent so per cent ad valor,m ad "a/orim is(7) 60 per cent so per cieiit tid valorlm tid vlllorwm 40 is(8) 60 per cent tid valor"" is(9) 60 per cent ad valor"" 1,(10) 60 per cent 45 ad valor"" i'(i~) 60 per cent tid valorlm 16 100 per cent tid "a/inwm 50 16(1) 100 per cent tid "alor  16(2) 100 per cent tml valorlm (6(3) 100 per cedt _ otjldr", 17 60 per cent _ fjaidr", 5 17(1) 60 per cent _ fitilt1nrn 17(:l) 100 per cent _ olllljn& 10 17(3) 60 per cent _ otjldrtllfl is(a) 60 per cent _ otlldrem 18(6) 100 per cent _ oaldr", is 19 100 per cent •• ad~ 19(1) 60 per cent  ad oalornt (9(z) 60 per cent 20 tid oalornt 19(]) (00 per cent •• tid fjaiornt 20 100 per cent •• tid oa/otwm 2s 20(1) 100 per cent •• 90 per cmt _ otjldrtllfl tldthlloml 2o(:l) 100 per cent 90 per cent _ oaldr", tid otjldr- 20(3) 100 per cent 90 per cent 30 _ oalorne ad olllonm :l0(4) 100 per cent _ fjtj/omrt 2o(sxa)  ~ per cent  ollldnm 35 lo(s)(b) 100 per cent fiiloalornt 20(6)  100 per cent 100 per cent _ vtj/omrt _ "aiiitwn 20(7)  100 per cent ~ "j:", cent 40 _ vlllonm 20(s)  100 per cent 94 per cent _ valdrwm _ valornt 20(9) 190 per cent 92 per cent 4s twfj""" tid otj/omrt 21   100 per cent _ fhiidrmt 21(1) ••  100 pcr cent tid valor",- 5021(2) •• 100 per cent _v    21(]) 100 per cent _oldoraa i 3 4 6 7 as(a) ra 10 quidlal per s as(]) 60 per cent ad fltior  as(4) 60 per cent so per (cent ad "tjlorma ad ,,1iiomrt 25(5) 60 per cent  ad valorem 1025(6) 60 per cent ad vtjlonrn 2s(7) 60 per cedt ad fjalor  a6 40 per cedt 15 26(1) ad"  40 per cedt ad "liidrwn 27 40 per cent ad "tjlmwm 27(1) 40 per cent 31 per cent 20 fill valorml fill valorma 27(2) 40 per cent fill va/ormc 27(3) 40 per cedt fill "aldr  2s 27(4xb) 40 per cent ad vlll",", 27(7xa) 40 per cent fill valmmr 27(8) 40 per cent 30 fill valorat 27(9) 40 per cent fill fjalor  28 60 per cent sci) per cent so per cent ad f1tildrmt fill f14iidrmt tjjd vllldmll 35 28a 60 per cent so per cent so per cent ad vllldmll till"  till"", 28(1) 40 per cent ad valdrmt 28(4xa) so per cent ad "fildrmi 40 28(4xb) 60 per cent ad "fildrmi 28(s) 60 per cent ad vflldrml 28(6xa) 60 per cent 45 ad "aiornt 28(6xb) 60 per cedt ad "aidr a8(7) 60 per cent ad "aidr so 28(74) 100 per cedt ad valtwurl a8(8) 60 per cent fill fiti/dn", 28(16) 28«(7) ra 20 per idlopam 60 per cent tid vcllormt or ra 42 per ldlop'lld qr saccbarine content, whichever is luaher 60 per cent tid vtjlomft 60 per cent tid valor,,,, - so per cent tid fjalormt 60 per cent ad "tjion", 60 per cent od "qlor,,,, 60 per cent till viiimmt 28(18)(12) 28(r8xb) 28«(8)(c) 60 per cent so per cent till valar", tid oalor"" 60 per cent so per cent tid fjtziar,,,, tid valar", 60 per cent so per cent till valor"" till fjgiar"" 38(r8)(d) so per cent tid fhjldr"" so per cent ad fh'jlar"" so per cent ad valar"" 60 per cent so per cent so per cent tml fjalor"" tid fh'jlor,,,, al :'q' cjr,m 60 per cent till valar", 60 per cent tid valor"" 60 per cent ad fhikw"" 60 per cent tml fh'jlo,"" 60 per cent tid oalor"" 60 per cent till valar"" 60 per cent s4 per cent till fhilor"" till fh'jldr"" 60 per cent s4 per cent tid valor,  till valorem 60 per cent od "aiorim 60 per cent tid fjtzlar"" 60 per cent ad fhilor"" s4 per cent ad oa/or", s4 per cent tjd "ojor"" s4 per cent till valor"" 28(26<4) 28(27) s4 per cent tid valar"" s4 per cent till fitjior  54 per cent ad flgidr"" s4 per cent tjd oalor"" s4 per cent till oalor", 60 per cent s4 per cent 54 per cent ad flalor"" till fltjlor"" till fjijldrem 60 per cent s4 per cent 54 per cent till vallir"" ad fh'jlor iiil fnil"""" 60 per cent 54 per cent 54 per cent ad valor" ful fhjlorem ad fhiior  60 pel cedt 54 per cedt 54 percent ad valor" iiil fhjldnfll ad oclldr  60 pet cedt ad fjalor" 100 per cent ad valor" 60 per cedt 50 per cent 50 per cedt ad valorem ad fxjlorma ad oalomll 60 per cent so pe! cent 50 per cent ad valor" ad fhjlor ad f1(!j~1l':'n 60 per cent adnllorm so per cent ad valorem 60 per cent ad fhiio"em so per cent ad valor", 60 'per cent advalorm 90 percent adval~ 100 'pcr cent ad fhjlor,m 90 per cent ad fhjlor,m 30(1xa) 100 per cent ad valor  ri is per 100 bneu metja 100 per cent 90 per cent ad valor ad valor", 60 per cent ad valor" 60 pet cent ad valur'm 30(1xbxi) 30(lxbxii) 30(2}(a) 100 pc" cedt 30(2)(")(_) 60 per cent tmi t1tiidr  30(2)(ccxiv) 60 per cent tid~ 1jvj::t 30(2)(4) 60 per cent ,0 per cent tid fhiiorai lid ",", 30(3)(41) 60 per cent tmi fjtiltiniii 30(3)(6) 60 per cent adfhllor  30(3)(c) 60 per cent tmi fhj/dr  30(3)(d) 60 ~ cent tmi fjijltiniii 3°(4) 60 per cent advalomrs 30(s) 60 per cent ad fhilo,"", 30(6) 60 per cent ad"aldnm 30(7) 100 per cent ad "al",,  30(8) 100 per cent ad "iiltwi  30(9)(41) so per cent ad oal",,  30(9xb) 60 per cent ad "al",,  30(10) 60 per cent ad wildt"", 30(11) 100 per cent 100 per cent ad f1tildrmi ad val","" 30(12) 60 per cent tid fjtiidr"" s4 per cent adfnlltmm 30(13) deriwd from" 60 per cent exceed-60 per cent - 'ihjidr  azo 60 per cent sulphur dyes of 60 per cedt adfnllor  s other coloun ultra-60 per ccdt zoll tid fnjior  vats, 60 per ccdt powder tid fhilor  10 30(1)4)(a) ,0 per cedt ad ,,111m  30(1,,)(b) 60 per ccdt fid "al or", 30(1,) dyes, is deriyed from cou-tar, add coal-tar derivat-20 ives ulcd in id~ dyeidg proccu, the fol-2s 10= name y:-dyesbc louama 60 per cent tid ,,111m  30 to cbe clua of rapid futcoi-oun rapid-35 ofdiadd rapiduoll futco&-60 per cent 40 our salts _"alor  solubi-60 per cent i1ied ad wuor", vats 4s 3o(16~ dyes, derived frc¥d1 ~-tar theft»-50 lowidc namely:-acid 60 perlccdt am ad dalor  5s dyes (idcludiol acid futred a) direct 60 per cent amdyea till wiltir  sulpbur billdt 60 per cent till vglilr" 31(+) 100 per cent tid nlorllll pu) 100 per cent till f1gldr  ~4) 100 per cent tiilwllor  33 60 per cent till uiir  33(1) 60 per cent tldoaldr  34 100 per cent till oglilr" 34(1) 60 per cent all ddldr  34(a) 60 per cent all fniliir"" 34(3) 100 per cent ail~ 34(4xo) 100 per cent all fnjldr"" 34(4x6) 100 per cent giloglilr" 34(4)(c) 100 per cent gil oglilr"" 36 60 per cent tldoglonm ,6(2) 100 per cent all oglof'lm " 40 per cent all dtjldmrt 39(1) 100 per cent tid uiir  39(2) 60 per cent till oolomn 39(3) 60 per cent all flglilr" -to 60 per cent till otaldr  ,0(1) 60 per cent tid dgldrmt 40<~) 60 per cent tldvtaldr  40(4) 60 per cent tid  as) 60 per c:ent tid oiiiomia 40(6) 60 al:r cent fill/or"  40(7) 60 per cent ad fjalor  541 60 per cent ad valor,,,, 43 40 per cent ad valor  10 43(1) 40 per cent ad valore", 44 100 per cent ad valor  44(1) 100 per cent ad /or"" is 44(4) i 00 per cent ad /or" 44(7) 100 rer cent ad valore", 204s(6) 100 per cent ad oalor" 4s(c) 100 per cent ad valor  25 4s(z) looper cent ad oalorftfl 45(3) 100 per cent ad ior,,,, 45(4) 100 per cent tjd oalorljft 30 45(5) 100 per cent tjd oaior  4s(6) 100 per cent tjdoglor  46 60 per cent tiiil oalorwri plus 3s ri 8·80 per ki1opam 46(1) 60 per cent ad valor  4046(z) 40 per cent ad fhildrmt 46(3) 40 per cent ad "tuor" 46(4)(a) 40 per cent tjd valor,,,, 45 46(4)(6) 40 per ce;t' ad valorem   46(5) 40 per cent tiiil "aiortjn 30 per cent tjd lim/  ", 5046(6) 40 per cellt ad valor"" 47~a) 60 per cent ad oalor"" plus ri 8·80 per kjjqiriiii 47(6) 60· per cent _ fnildriift pluj ri ii' 60 per kilopanl 47(c) 60 per cent _ flalar,,, 47(1) 60 per cent _ fhilar  47(2) 100 per cent _oalar 10 7(3)   60 per cent -~lc ad valar  47(4) 60 per cent _ "tjiiw  15 47(s) 60 pel' cent all fuiiaras  - ,(6x  xi) 60 per cent ailnllw  47c6x  xia) 60 per cent 20 ad~ 47(6x6xi) 60 per cent lid fmildr"" 7c6x6xia) 60 per cent ad fhiltw", - 25 4'(7) 60 per cent  till fnilor",  - 7(8) fo per cent ad fhilor  48(ix  ) 80 per cent 30 tiil~  a(ixb) 100 per cent till fhiltnwrl 411(2) 100 per cent iiil fitilar  35 48(4x,,) 100 per cent till fiiiltnwrl 8(xbx) 100 per cent tjtl vmtwmi -  48(sx"x') •• :=  80 per cent ii/j fnilonirl a<sx  x"')  100 per cent till fitilarirfi 48<sxbxi) 80 per cent till 'iniwr""  4s a<sxbxia) 100 per cent till fniltw""   - 48(6) 100 ~ cent fill fnjlomri 49(41) 100 per cent 5 49(6) 1id~ omit 100 per cent the ad fhiitw  worda "if of 10 british madu-fecaue or-, "if ddt 01 15 britiab madu-fiictuie" uid "wbether 20 of bdtiah manufictwe orotber-25 wile" 49(c) omit 100 per cent the till fnil"," worda "ifqol of 30 bridah manufiicturc lad" 35 49(i x4l) 100 per cent 90 per cent till fnildr  till rniltw  49(ix6) 100 per cent till niormi 90 per cent till whjior  49(ixc} 100 per cent 90 per cent 40 tid fhiimwm lid fi4ii1rnrt 49(2) 100 per cent ad fniitwwri 49(3) 100 per ceot ad fhiiormt 4549(4) 100 per cent 90 per cent tid fhiimwm tj4 fnildrwri 49cs) 100 per cent tid~ so 100 per cent 50  till fhiimwm ,0(1) 100 per cent ad 0til0rwit s0(2) 100 per cent ad fhiimwn 55s0(3) 40 per cent ad 0t:il0rvm s0(4) 60 per cent fill fitilqr", i 3 3 5 6 7 50(6) 60 per cent l1li t'itiltnwt so(7) 100 per cent l1li utjl"," s0(8) 60 per cent l1li fnil6r""  s 1(1) 100 per cent ad "til",", 5 i (3)(d) 100 per cent iiii~ 51(2xb) 100 per cent till fhiltir" si(3) 100 per ~nt lid fniltmifi 5z(i) 60 per cent ad fnildr  53(1) 40 per cent adwjldmrt s(d) 100 per cent l1li fhii"," s<4(b) 100 per cent ad valtnwti s(z) 60 per cent ad~ 55 100 per cent ad~m 55(1) 100 per cent ad vtjidrwm ss(3) 100 per cent ad viildrwm ,6(1) _ 100 per cent adwllorat s8 60 per cent till fhilamrt 58(1) 60 per cent all fitildrwn s8(z) 60 per cent all 0tjl0rwm '9 60 per cent till fitilqr", s9(1) 60 per cent ad fitiit1mii 59(z) 100 per cent ail fltiltnwre 9 (3) 100 per cent tid fhjldum 59(4) 100 per cent till fhiiorwm 59(5) 100 per cent till valar, s9(6) 60 per cent till fniltimri 100 per cent iiil dtildr" 60 5 60(1)(0) 100 per cent atlotaldmrl 6o(1)(b) 100 per cent ad fitjidr" 1060(3) 100 per cent till nidr  6o(s) 100 per cent till f1glorim 100 per cent ad~ 60(6) 15 60(7) 100 per cent cml vglomri 60(8)(12) 100 per cent cui fnildm" 206o(8)(b) 61 61(1) 25 61(2) 100 per cent ad fnjuwem 40 per cent ad 11111"," 60 per cent old valorem 100 per cent ad valdnm roo per cent ad tnji«em 100 per cent ad fhiiormr  100 per cent· ·gil fjtilmwif 61(8) 35 61(1 i)  100 per cent ad viiiiorftn 100 per cent ad valormt 100 per cent ad fhilinwri looper cent ad 0tjidr", 40 per cent ad widtm 40 per cent ad wilomrl 040 per cent ad valor", 4d per cent ad vgldt,,,, 40 per cent ad oalo," 63(3)(·1 40 per cent tid valdnm 63(3)(n') 40 per cent tid valomri 63(4) 40 per cent tid valornt 63(s) 40 per cent tid~ 63(6)(,) 40 per cent tid valor", 63(6)(ii) 40 per cent ad oalo," 63 (7) 40 per cent tid flalorwri 63 (8) 40 per cent ad fltilt7mtt 63(9) 40 per cent ad wlo,", 63(lo)(i) 40 per cent ad fitjio,, ius ri20 per tonne 63(io)(ii) 40 per cent tid figldrwm 63(11) 40 per cent ad f/tilor  63([2) 60 per cent c ad 1itjlomrt 6)(13) 40 pel' ceat tid uiiidrmi 6)(14) 40 per ceat tid t1glorw& 30 per cent tid~ 6)(1,a) 6opel'centsoperceat tid f1tiion& tid ~ 6)(15) 60 percent tid f1ciidrwft 63(16) 60 per cent tid t1glorw& 6)(17x·1 40 per ceat tid ualormi 63(i7xia1 40 pel' cent tid ualormi 63(i8)(a) 60perceat tid~ 63(18x6) 60 per ceat tid diiiorai 63(19xaxi) 40 per c:edt tid fitiltnwje 63(19xaxia') 40 per cent gd f)(i/qrym so 6j(19xb) 40 per cent gil~ 63(20xgxix·) 40 per cziu 5 gil f1c:iidrml 63(20xgxixii) • 40 per ccdl gil~ 63(20xgxax') ·  40 per cent fijil~ 10 63(20xgxaxii)  40 per c:eni: gilwalorwa 63(20xbxixa) ·  40 per cent gil atjiotwai 63(20xbxixia) •• 40 per cent adcllllon& 15 63(20xbxaxa) ·  40 per cent gil vaigrwm 63(20xbxaxia1 •• 40 per cent gil~ 63(al)a(gxa) 40 per cent 20 gil~ 63(21)a(gxia1 ·  40 per cent gilwalorwa 63(21)a(bx, 40 per cent gil oajorm 25 63(21)a(bxia) ·  40 per cent ad wa/"," 63(21)b(gxa) 40 per cent iiil fitildren 30 63(21)b(gxia1 ·  40 per cent gil oaiorwn 63(al)b(bx' 40 per cent iiil gciiormi 63(21)b(bxia1 ·  40 peremt 35 iiil gciiormi 63(21)c(' 40 per cent _tjgiorw& 63(21)c(ia1 40 per cent fijil gciiormi 40 63(al)o() 40 per cent ad wiidrwn 63(21)o(ia1 40 per cent gilwalorwa 63(21)b(1 40 per cent ad fitildnm 45 63(21)e(ia1 40 per cent ad f1tiidrwm 63(21)p(, 40 per cent 50 ad fitilt1twn 63(21)f(ia) 40 per cent ad fitiidra,l 63(22) 40 per cent gil 0iiidrtm | r              | 2          ||----------------|------------|| 3              |            || 4              | s          || 6              |            || 1              |            || -__--         |            || 63(23)         |            || -----          |            || -------------- |            ||                |            || 40             |            || per            |            || cent           |            ||              |            || ad             |            || val""",       |            || 63(2sx,)       |            || 40             |            || per            |            || emt            |            || ad             |            || figiorim      |            || s              |            || lllss          |            || ri            |            || 3s             |            || per            |            || tonne         |            || 63(2sxi)      |            || 40             |            || per            |            || cent           |            || ad             | f1gidrwr& || 63(26)         |            || 40             |            || per            |            || cent           |            || 10             |            || adgllldral     |            || 63(21x')       |            || 30             | per        || ad             | ,"",  || 63(27xti)      |            || 40             | per        || cent           |            || ad---"         |            || is             |            || 63(29xa)       |            || roo            | per        || i'             |            || ad             |            || aaiorai       |            || 63(29xb)       |            || 100            |            || per            |            || ciiot          |            || adtulordr     |            ||               |            || "              |            || 63(3           |            || 0              |            || xa)            |            || 30             |            || per            |            || cent           |            || ad             |            || fitilorwir    |            || 20'            |            || 63c3oxb)       |            || 40             | per        || emt            |            || adualonn      |            || 63(3           |            || i              |            || xa)            |            || 40             | per        || cent           |            || advaldrwn     |            || 2s             |            || 63c3rxb)       |            || 40             | per        || ad             |            || fjtjidrwm     |            || 63(3           |            || 2              |            || xa)            |            || 40             |            || per            |            || cent           |            || ad             |            || roaiorwbi     |            || las            |            || ri3s          | per        || 3              |            || 0              |            || tonde         |            || 63(3           |            || z              |            || xb)            |            || 40             |            || per            | cent       || adwiidtwl      |            || 6l<33xa)       |            || 60             | per        || adualoral      |            || 3s             |            || 63u3xb)        |            || 60             |            || per            |            || cent           |            || adwlldmjr     |            || 63(34xa)       |            || 40             |            || per            |            || cent           |            || :,             | vj:,    || cent           |            || ad             |            || fjtildnm      |            || 63(34xb)       |            || 40             | per        || ad             | fnjidrwm  || 30             | per        || emt            |            || ad---"         |            || 40             |            || 63(34xc)       |            || 4ooj:,cent   |            || 30             |            || per            |            || cent           |            || ad             | -          || adwlldmjr     |            || 63c3s)         |            || 40             |            || per            |            || cent           |            || adwiidtwl      |            || 45             |            || 64             |            || 60             |            || per            |            || cent           |            || so             |            || per            |            || cent           |            || atl---       |            || ad             |            || tigiotwr      |            || 64(r)          |            || 40             |            || per            |            || cent           |            || ad---"         |            || 64(2)          |            || 40             |            || per            |            || a;n\           |            || tml~           |            || so             |            || 64<3xa)        |            || so             |            || per            |            || cent           |            || tmlualoral     |            |40 per cent 40 per cent ad oa/drem 40 per cent 40 per cent fill oolorem 40 per cent fill fjglorem 40 per cent ad "tjlorem 40 ·per cent ad valorem 40 per cent 40 wj:"r cent fill em 40 per cent ad thjidre", 40 per cent ad fuilorem 40 per cent fill fhjlorem 60 per cent adoalorem 60 per cent fill oalore" 10(1) 60 j'er cent   all ~"'h 70(1) -•• 1  i 4oiid~t ,  j  70(3)' 60 per cent till 0 tlldrmt     - • 10(4)  40"  per cent   tid fhiiormt 10 10(5) 60' per cent ad 0gldr"" 10<$4) 60' per cent till fjtildrmr  7o<6r 60' per cent ad oaldrmi 15 70(7) 40 per cent till fitiion •• 70(8) 40 per cellt ad fniltlnm 70(9) 40 per cent till ogid"", 20 71(1) 60 per cent till oalore", 71(4) 60 per cent ad fhjlor", 25 71(s) 40 per cent ad fjdlor", 71(6) 40 per cent ad valor", 71(7) 100 per cent ad valor"" 30 71(8) 40 p~ cent ad "alor", 71(9xa) roo per cent till fjal~", 71(9)(6) 100 per cent 35 ad oalolrbm 71(loxa) 100 per cent ad oalortt" 71(io)(b) 100 per cent ad oal",", 40 71(11) 100 per cent ad valo,", 71(12) 40 per cent ad fjtildrttm 7i (13)(i)(a) 100 per cent ad vaior",  45 71(13xi)(6) 100 per cent ad f1tj/or", 71(13xixc) 100 per cent ad valorlm 50 71(13x2)(a) 100 per cent tml ""lor" 71(14) 60 per cent $  ad oalort" 72 40 per cent ad fxiio," 73(1) 40 per cent ad fj1lor" 1072(1) 40 per cent ad oalor"" 13(3) 40 per cent ad fxiid," 7a(4)(a) 40 per cent  is 72(4)(b) ad fxiidr"" 40 per cent ad ,,21th'''' 73(5) 100 ~ cent ad "ajo,", ,94 per, cent ad fialur ••• 20 72(6) 60 per cent ad fxilon" 72(7) 60 pu cent ad ihilo," 72(8) 40 per cent ad fnilm" 25 71(9) 40 per cent ad f1{i/or"" 72(10) 60 per cent ad fj4lorwm so~ cent ad " 30 72(1 i xii) 100  per cent ad oazo,,,, 90 per ,cent ad oalor  73(uxb) 100 per cent ad "iudmfi 90 ~ cent ad rjdlo,,,, 72(12) 60 per cent ad tujiorim -   3$ 72(i2a) 60 per cent ad txil1nm 72(13) 40 per cent till fxilo,m 72(14)(iixi) 40 per cent •• 40 ad fhilttrm 72(14xa) (a) 40 percent ad fnjiorma 72(14xaxiil) 40 per cent •• ad rjaior"'" 45' 72(14xiixio) 60 per cent adv~ •• 72(14x6) 40 per cent ad wlor",  7l (14)(c) 60 per cent ad wlv," so 72(15) 40 per cent lid wid,", |             | ------,2('6)    | ---   |  -----    ||-------------|-----------------|-------|-------------|| -           | ---           | - --  | 40          || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || oaio,,iii |                 |       |             || 12(11)      |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || fhlldnm    |                 |       |             || s           |                 |       |             || 12(18)      |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || adfiglonm  |                 |       |             || 12(19)      | 40              | per   | cent        || till        |                 |       |             || oaldniii   |                 |       |             || 12(20)      |                 |       |             || 40          | per             | cent  |             ||           |                 |       |             || 10          |                 |       |             || till        |                 |       |             || "'"or       |                 |       |             || 12(21)      |                 |       |             || 40          |                 |       |             || j)ef        |                 |       |             || cent        |                 |       |             || till        |                 |       |             || valor       |                 |       |             || 72(u)       |                 |       |             || 40          |                 |       |             || per         |                 |       |             || ctnt        |                 |       |             || ad          |                 |       |             || valor_     |                 |       |             || is          |                 |       |             || 7~z3)       |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || oulor_     |                 |       |             || 72{24)      | 40per           |       |             || ~nt         |                 |       |             || ad          |                 |       |             || txilar"  |                 |       |             || 72(zs)      | 40              | per   | cent        || till        |                 |       |             || valotwri   |                 |       |             || 20          |                 |       |             || 7z(z6)      | 60              |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || valor_     |                 |       |             || 72(27)      |                 |       |             || 60          | per             | cent  |             || ad          |                 |       |             || oalor       |                 |       |             || 25          |                 |       |             || 7z(28)      |                 |       |             || 60          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || oalor"   |                 |       |             || 72(29)      |                 |       |             || 40          |                 |       |             || ~           |                 |       |             || cent        |                 |       |             || adnlomn    |                 |       |             || 7z(3        |                 |       |             || i           |                 |       |             || xa)         |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || ad          |                 |       |             || f1dlorai   |                 |       |             || 30          |                 |       |             || 1z(3i)(b)   |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || oalor-     |                 |       |             || 12(3zxa)    |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || valor"   |                 |       |             || 35          |                 |       |             || 72(3zxb)    |                 |       |             ||           |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || valonm     |                 |       |             || 12(33)      |                 |       |             || 60          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || ","or       |              |       |             || 72(34)'     |                 |       |             ||           |                 |       |             ||           |                 |       |             || 40          |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || fnildrllll |                 |       |             || 40          |                 |       |             || 12(3')      |                 |       |             || 100         |                 |       |             || per         |                 |       |             || cent        |                 |       |             || till        |                 |       |             || valor" -  |                 |       |             ||           |                 |       |             || 12(36)      |                 |       |             || 100         |                 |       |             || per         | cent            |       |             || till        |                 |       |             || fnilar-    |                 |       |             || 4s          |                 |       |             || 'f2(37)     |                 |       |             || 100         |                 |       |             || per         | cent            |       |             || till        |                 |       |             || valtnwn    |                 |       |             || 12(38)      |                 |       |             || ••          |                 |       |             || 40          | per             | cent  |             || till        |                 |       |             || f1tjldnm   |                 |       |             ||            |                 |       |             ||            |                 |       |             || 12(39)      |                 |       |             || fo         |                 |       |             || per         | cent            |       |             || ad          |                 |       |             || valor"   |                 |       |             || 50          |                 |       |             |---72(40xar--·---:~----;- _ --40 per codt ad valqr"" 72(40)(6) 40 per cent 5 fill valor"" 73(2) 60 per cent fill valor", 73(3) 40 per cent fill oalor", 1073(4) 100 per ccnt 94 per cent advalorm fill valohm 73(6) 60 per cent ad valor"" 73(7xa) 40 per cent 15 73(7xb) ad valor", 60 per cent ad fj41or", 73(8) 40 per cent ad (}alor,,,, 20 73(9)(a) 60 per cent adfj4lorm 73(9)(b) 60 per cent ad fjaiorem 73(10) 100 per cent 94 per cent 25 ad valor,,,, ad valor", 7~(ii) 100 per cent !j per ccnt ad valorem valqr", 73(12) 100 per cent !j per cent adualor,m valorem 30 73(13) 40 per cent ad ualor", 30 per cent ad v4lor", 73(14) 100 per cent ad valor", 73(ls)(a) 60 per ccnt 35 fill valorem 73(isxb) 60 per cent c ad v4lor,,,, 73(16) 100 per cent 90 per cent ad valorem ad valorem 40 '3(17) 100 per cent 90 per cent ad valor", ad fjalqr", 73(18) 100 per cent 90 per cent ad valor", adualorml 73(19) 40 per cent 4s ad fjajor,,,, 73(20) 60 per cent till oalor", 73(za) 60 percent adoalorat 50 74(a) 30 per cent ad fjajor", 74(b) 40 per cent ad valor,,,, | ---74(1)---   |  --        |  -   ||---------------|------------|------|| ~-------     | ~~--40     |      || per           |            |      || cent          |            |      || fill          |            |      || viii",",   |            |      || 74(2)         |            |      || 40            |            |      || per           |            |      || cent          |            |      || fill          |            |      || valdn"      |            |      || 74(3)         |            |      || 40            |            |      || per           |            |      || cent          |            |      || ad            |            |      || fitjlorim    |            |      || 74(4)         |            |      || 40            |            |      || per           |            |      || cent          |            |      || ad            |            |      || fitjlorim    |            |      || 7s            |            |      || 60            |            |      || '~            |            |      || cent          |            |      ||              |            |      || ','          |            |      || qd'rijor      |         |      || 10            |            |      || 75(2)         |            |      || 60            | per        | cent || ad            |            |      || oal","     |            |      || ~percedt      |            |      || fnjlormi     |            |      || 75(3)         |            |      || 60            |            |      || per           |            |      || cent          |            |      || ad            | fhildrint |      || 'sz'\ct       |            |      || 'm            |           | -    || is            |            |      || 75(4)         |            |      || 60            | per        | cent || ad            |            |      || valor"     |            |      || 75(5xa)       |            |      || 90            |            |      || per           | cent       |      || adoaldmn     |            |      || 75(5)(11)     |            |      || 100           |            |      || per           |            |      || cent          |            |      || ad            |            |      || valoraft     |            |      || 20            |            |      || 75(6)(a)      |            |      || 90            |            |      || per           |            |      || cent          |            |      || ad            |            |      || vllldmll     |            |      || 75(6)(6)      |            |      || ioo           |            |      || percent       |            |      || ad val",", |            |      || 25            |            |      || "(7)(a)       |            |      || 90            |            |      || 'per          |            |      || "cent         |            |      || advalormt    |            |      || 75(7)(6)      |            |      || ioo           | percent    |      || advalonm     |            |      || 7s(7a)(a)     |            |      || 90            |            |      || 'per          |            |      || 'cent         |            |      || 30            |            |      || advalonm     |            |      || 7s(7ax6)      |            |      || 100           |            |      || per           |            |      || cent          |            |      || advalonm     |            |      || 7s(8)(a)      |            |      || 90            |            |      || per           |            |      || cent          |            |      || ad            |            |      || valor         |         |      || 7s(8)(b)      |            |      || 100           |            |      || per           |            |      || cent          |            |      || ad            |            |      || valon"      |            |      || 3s            |            |      || 75(9)         |            |      || 60            |            |      || per           |            |      || cent          |            |      || ad            |            |      || valor"     |            |      || 75(10)        |            |      || 60            | "          |      || ad            |            |      || v:i:mcc:u   |            |      || 40            |            |      || 7s(n)         |            |      || 60            |            |      || per           |            |      || 'cent         |            |      || ad            |            |      || "ijidr,,,,   |            |      || 75(12)        |            |      || 60            |            |      || per           |            |      || cent          |            |      || adoaldrwn    |            |      || 75(iu)        |            |      || 60            |            |      || per           | cent       |      || advaldnm     |            |      || 45            |            |      || 1s(13)        |            |      || 60            |            |      || per           |            |      || cent          |            |      || ad            |            |      || valor         |         |      || ~perc:ent     |            |      || ~,            |            |      || 75(14)        |            |      || 60            |            |      || per           |            |      || cent          |            |      || ad            |            |      || valoraft     |            |      || 7s(is)        |            |      || 60            |            |      || per           |            |      || cent          |            |      || so            |            |      || ad            |            |      || valor",     |            |      || -             |            |      |i a 3 75(16 ) ;  100 per cent gil f1aldnm s 75(17) ioq per cent  gil valomn 7,(18)(a) 040 per cent ddflalomn  ,,(i bxbxi)  040 per c:edt gil valor"" 101,(18xb)(ii) •• 60 per c:edt fill valomn 76  040 per cedt imj otlldnm 16(1'> 4q  per ccdt 15 16(a) gil fhiidr""  040 per cedt gil valtwwrt 16(3) 60 per cent tal olllarmt ",axa)  60 per cent 20  tid fhildrai l1(ax~) 60 per c:edt ad oalomrr 77c3) 60  per cent tid oalortrre 2577(4) 60 per cent ad oalor", 77(s) 100 per cent ad "aldrmt 90· per cent tid fiiilinwm 77(6xa) 100 per cent 30 77c6xb) ad "aior" 100 per cent tid "aiorw", 77(7) 100 per celli: tid valomn ' 35 78(1) 100 per c:ent tid flpltwat 79 100 per cent ad "aior", 80(1) 100 per cent ad "alor", 40 80(2)(a) 100 per cent tid "aior" 8o(axb) •• 100 per cent tid "alor,,, 8o(a)(,) 100 per celli: 45 ad oalor,,,, 8o(<zxd) 100 per cent tid oal(n'''''' 8o(a)(,) 100 per cent adoalonm so 8o(axn 100 per cent tid oalomlr 82(2) 100 per cent fill valor"" 100 per cent fill valor,,,, 60 per cent ad valorm 100 per cent fill valor,,,, 60 per cent fill "alor"" 60 per cent fill "aldnlft 100 per ccdt fill  100 per cent ad "tj/ort", 100 per cent ad "tjlon", roo per cent fill fjalor", 84(6) 84(1) 100 per cent fill "twrae 60 per cent ad valor",  85(c) 8s(i) 100 per cent ad "alorem 100 per cent ad valor", 86 86(1) 100 per cent ad fjalormt - 100 per cent fill "alor,,,, partll in the first schedule to the tariff act,-(a) after item no 72, the following item shall be inserted, namely:-name of article nature of duty standard rare of duty preferential rate of duratjon duty if the article of protec- 40 is the produce or tive rates manufacture of of duty item no the united a british kingdom colony i 3 4 s 6 7  cc72a (i" au items of-paratus ana appli-(e) c:ontro~ , ~ tranamllilon equip ment, s (d) auxiliary equipment,  well as, all componcnta (whether fidi-10 ahed or not) or raw jdiitcriala for the manufacrurc ofthc aforesaid items add their com~' required 15 for e initial acttinc up of unit, or the aubatantial expansion of an exiatina unit, of - apeclfted-(i) industrial plant, 20 (2) iftiaation project, (3) power project, (4)·mididg project, (s) projcc:t for the oz- plontion for oil or 25 other miderala and (6) luch other projecta  tbe central government may, 30 having reprd to the economic development of the coud&i' notify in the cial gazette in this behalf 35 provided thcac are imported (whether in oue or in more thad one codiipmcnt) 40 ~t one or more apcci6c contracta, wbk:h hnc been registered in adftdcic of their importation, with the p~ cue-4s tom 0u8c in the jd8ddcr prcacribcd by ll~odl which tbe ccdtral board of exciic add cuatoml may 50 make udder iection 157 of the cuttoml act, 19c§z (sz of 1963); (ii) au apare puts, revenue ~ ccdt 55 other raw materiala aaltmm (idcludida aemi-fidiabed alatcriai), or codlu1d8bie stores imported, as - part of (b) after item no 87 the following item shall be inserted namely:-if lpec:ijieci-e1iewhere, but ezciudin, the fol  lowina article~, namely:- statement of objects and rfasonsthe bill inter alia seeks to amend certain laws relating to direct taxes, namely, the income-tax act, 1961, the estate duty act, 1953 the wealth-tax act, 1957, the gift-tax act, 1958 and the companies (profits) surtax act, 1964 the main amendments propose-(i) to exempt from income-tax the commuted value of pension (subject to certain limits in the case of private employees) ; (ii) to exempt from income-tax certain income 'of persons resident in the district of ladakh (other than employees of the government) for the period up to and inclusive of the assessment year 1969-1970 ; (iii) to exempt from income-tax the income from enrolment fees and membership subscriptions derived by certain professional bodies ; (iv) to exempt individuals from income-tax on the bonus received by them on the cumulative time deposits in post oftlce sa\rings banks; (v) to enable individuals to receive interest on 7 per cent gold bonds, 1980 without deduction of income-tax at source ; (vi) to provide for the extension of the "tax holiday" conces" sion to newly· set up industrial undertakings going into production during the five-year period 'from the 1st april, 1966; • (vii) to in~ease development rebate iner&spect of cettain machinery or plant installed during the five-year period commencing on the 1st april, 1965; (viii) to provide for voluntary disclosures of unaccounted income and payment of tax thereon at special rates; (ix) in the gift-tax act and the wealth-tax act, to enhance the rate of interest chargeable from assessees on arrears of tu: and payable by government on delayed refunds from four per cent to six per cent per annum; and (x) to facilitate the voluntary disclosure of wealth, by enabling, in such _cases, the reduction or waiver of the statutoi"y: minimum penalty imposable in certain cases 2 the bill also raises duties on several items mentioned in the indian tarift act, 1934 this is being done with a view to augmenting the revenue--resources and encouraging import substitution and at the same time rationalismg the customs import tarift structufe urlion duties of excise are also being raised on certain items as a revenue measure and fresh duties are being imposed on unwrought zinc and lead 3 the notes on clauses explain the various provisions contained in the bill nbw dj:lhi; t t krishnamachari rhe 17th august, 1965  president's recommendation under articles 117 and 274 of the constitution of india[copy of letter no f3 (72) -bj65, dated the 19th august, 1965 from shri t t krishnamachari, minister of finance to the secretary, lok sabha] the president having been informed of the subject matter of the proposed bill, recommends under article 117 (1) and (3) read with article 274(1) of the constitution of india, 'the introduction of the finance (n o 2) bill, 1965 to the lok sabha and also recommends to the lok sabha the consideration of the bill -  - - - clause 2 seeks to amend clause (14) of section 2 of the income-tax act, 1961 the effect of this amendment will be that any capital gains arising on the transfer of 7 per cent gold bonds, 1980 will not be chargeable to income-tax this amendment will place the holders of 7 per c~t gold bonds, 1980 in the same position as the holders of 61 per cent gold bonds, 1977 ~u8e 3-sub-clau8e (a~ seeks to insert retrospectively a new clause (loa) in section 10 of the income-tax act, 1961 the new clause provides for the exclusion from the total income of an assessee of any payment in commutation of pension received under the pension rules applicable to employees of the central government, or under any similar scheme applicable to employees of a state government, a local authority or a corporation established under a special law it also provides for the exclusion of any payment in commutation of pension received under any scheme of any other employer, without any limit when such payment is made before 19th august, 1965, but subject to certain limits where the payment is made on or after the said date sub-clause (b) seeks to amend sub-clause (ii) of clause (l5) of section 10 of the act to provide for the exclusion from the total income of an assessee of the bonus received in respect of deposits under the post ofbce savings bank (cumulative time deposits) rules, 1959 sub-clause (c) seeks to insert retrospectively a new clause (23a) in section 10 of the income-tax act, 1961 to secure that in the case of an association or institution established in india having as its object the control, supervision, regulation or encouragement of the profession of law, medicine, accountancy, engineering or architecture o~uch other profession as the central government may ~ in this behalf from time to time by notification in the ofbcial gazette, any income (other than income chargeable under the head ·'lnterest on securities" or "income from house property" or any income received for rendering specific services or income by way of interest or dividends derived from investments) will be excluded from its total income this exemption will be available where the associatiod or institution has been approved in this behalf for the time being by the central government sub-clause (d) seeks to insert retrospectively a new clause (26a) in section 10 of the income-tax act, 1961 the new clause provides for the exclusion from the total· income of any person (other than a government employee) resident in the district of ladakh,· of any income accruing or arising to him from any source in that district or outside india, provided such person was resident in the district of ladakh also in the previous year relevant to the assessment year 1962-63 the exemption will be effective for assessment years up to an~eoltudve of the assessment year 1969-70 sub-clause (e) seeks to substitute clause (28) of section 10 of the income-tax act, 1961 by a new clause under the clause as substituted, any amount adjusted or paid in respect of a upc credit certificate granted wider the provisions of chapter xxllb and any scheme made thereunder will not be included in computing the total income of any person clause 4 seeks to amend retrospectively sub-clause (ii) of clause (3) of section 17 of the income-tax act, 1961 the effect of this amendment will be that the payment referred to in clause (loa) sought b be inserted in section 10 of the income-tax act, 1961 by_ clause 3 of the bill will not be treated as "profits in lieu of salary" clause 5 seeks to amend section 33 of the income-tax act, 1961 the eftect of this amendment will be that in the case of machinery or plant installed after 31st march, 1965 and before 1st april, 1970 for purposes of the business of construction or manufacture or production of anyone or more of the articles specified in the list in the fifth schedule to the income-tax act, 1961, development rebate will be admissible at the rate of 35 per cent of the actual cost, and in the case of any such machinery or plant installed after 31st march, 1970, at 25 per cent of the actual cost thereof; in the case of any other· n:achinery or plant installed after 31st march, 1965 and b~fo1't" 1st april, 1970 the rate of development rebate will be 20 per cent of the actual cost thereof, and where it is installed after 31st march, 1970, 15 per cent of such cost in the case of machinery or plant installed for the purpose of business of coal mining, the effect of the amendment to section 33 by this clause and to the fifth schedule by clause 18 of -the bill will be that development rebate at the rate of 35 per cent at present admissible in respect of such machinery or plant installed up to 31st march, 1966 will continue to be admissible ,('i " ciouet it 8i!ie1ti" to amna seation88 of the' incom~t:uac( 1981, wi th effect· from- -ist' april;'tl964:  ' ' ' >!   '  sub~·(ci) seeksllto' insert·new aunctions (sa) and (58) in ~ :88·~e effect of tbw·8jdeadment' wm"·be:ibac':ioaatioda  madei 1q!'iad  ,esryea·oilor ~ 'a:pnl,sl88f ·te  c&ovenudeiif'or'·to ,·joalautharity for a· chuttabbi· pwp;8i oe to"an id8tltution or fuadtestabued- fnindiafcd!mamtiatda:poipoaa m dot·~ _ reb8teot jdcome-tler h, 1iut·said' purpo; or:' iit ~ a ease where tj:1ere are several ,such ll~  any ,one of ~ purp~, is wholly or diitnl of a rellgious datura j '  ,  ", ~ - r  ~ ,  ; ,'; , ;  :' - ~, ,  ' '" :' ~~lciube, (b) ;~ tid ·amend aub-rctiojl e6) of, sectiod 88 this '8ql~dment r ~ consequential to the amendment lought· to be made by stft)clauae (4)   \ , ~e,jp ,i,~ tq ,8m~d section l12·of· the income-tax ~, 1961 ~e ~en~ts made by i;bis ,clawi8~ c:cmaequential to the amendments ~~~ to be made by clause 11 of the bill :~"" '  '     ·c't4use '11 seeks' to insert· anew sec&n'+>112a !ri'the' t~~~me-t~ act, !96t: "tilt! new sectton'providesth8t\vhere the'u;whico~'~of '''sn ubesaeeo1her'tbm a' comp~r ftlcludes' any in~ on 'natfo~  ~' '~' savings certificates (first issue), tax 'on such interest will be calculated at the average rate of tax applicable to the assessee's otl!~r_ordinaryincome, ie, total income as reduced by the said interest and also by any extraordinary income by way of capital gains and compensation received for termination or modification of the terms of a managing agency, etc the new section also provides that the tax on such interest income will be calculated as if the whole of it were earned income and that tax on the assessee's income other than such interest will be calculated as if the said interest did not form part of his total income clause 12 seeks to amend section 114 of the income-tax act, 1981 the amendmemirmade by this clause are consequential to the amendment sought to be made by clause 11 of the bill clause 13 seeks to amend section 193 of the income-tax act, 1961 the provision under one of the amendments is that interest on national savings certificates (first issue) shall be paid without deduction of tax at source another provision made is that in the ~ase of an individual resident in india who holds 7 per cent gold bonds, 1980 of a value not exceeding rs 10,000, the interest on the said bonds will be paid without deduction of tax at source; this amendment places the holders of 7 per cent gold bonds, 1980 in the same position as the holders of 6, per cent gold bonds, 1977 clause 14 seeks to substitute sub-section (2) of section 280m of the income-tax act, 1961, by a new sub-section the 8ub-section as substituted permits a refund of the annuity deposit made by a person who is not liable to make such deposit, or the excess amount deposited by a person, in such manner and having regard to such factors as liljly be specified in a scheme framed under section 280w clause 15 seeks to amend section 280n of the income-tax act, 1961 to permit refund of the annuity deposit made by an unregistered firm which is assessed as a registered firm in such manner and having regard to such factors as may be specified in a scheme framed under section 280w ' clause 16 seeks to amend section 280w of the income-tax act, 1961 the effect of this amendment will be that it will be open to the central government to make a provision in a scheme framed under this section, specifying the manner in which the amount of any annuity deposit made by a person who is not liable to make the deposit, or the excess annuity deposit made by a person, may be refudded, ~d the factors that may be taken into account for thfi purpose   _clausell seeks to amend with effect from 1st april, 1965 section 280zc of the income-tax act, 1961 sub-clause (i) seeks to msert two explanations in sub-section (1) of section 280zc under the first explanation, it is provided that "sale proceeds" does not include freight or insurance attributable to the transport of the goods or merchandise beyond the customs station as defined in the customs act, 1962 expla1llttion 2 provides that a person who exports any goods or merchandise in respect of which a declaration in pursuance of rule 3 of the foreign exchange ri!'gftbition rules, 1952 is required to be made in form ep or form ep i in the first schedule to the said rules, shall not, in respect of such goods or merchandise, be deemed to have received the sale proceeds in india in accordance with the foreign exchange regulation act, 1947 and the rules made thereunder unless he receives the same in india through an authorised dealer as defined in the said act sub-clause (ii) seeks to substitute sub-section (4) of section 280zc of the income-tax act, 1961 by a new sub-section to provide that the amount shown on a tax credit certifica~ granted to any person under that section shall, on the certificate being produced before the income-tax officer, be adjusted against any existing liability of that person under the income-tax act, 1961 or under the indian incometax act, 1922, and where the amount of such certificate exceeds sucb liability or where there is no such liability, the excess or the whole of such amount, as the case may be, shall fall due to be refunded to such person clause 18 seeks to amend the fifth schedule to the income-tax act, 1961 the effect of the amendment will be that "coal and lignite" will be added to the list of articles specified in item (3) of that schedule, for the purposes of the allowance of development rebate in respect of machinery or plant installed during the five-year period from 1st april, 1965 to 31st march, 1970 at the higher rate of 35 per cent specified under the amendment made to the act by clause 5 of the bill clause 19 seeks to insert a new sub-section (4) in section 3 of the estate duty act, 1953, with effect from 1st april, 1964 the new subsection provides that "public charitable pnrpose" or "purposes" in relation to a gift mjde or disposition or (lrtennlnatlon of an interest eftjeeted or i~red on or after the lit ap~, 1984 shall not mclude a purpose the whole or substantially the whole of which is of a religious nature c14use 20-sub-c14use (i) seeks to amend with effect from 1st april, 1965, section 5 (1) of the wealth-tax act, 1957 to becure that the value of 7 per cent gold bonds, 1980 will be excluded in computing the net wealth of an assessee under the wealth-tax act, 1957 sub-c14tue (ii) seeks to insert new sub-sections (2a) and (2b) in section 18 of the wealth-tax act, 1957 sub-section (2a) empowera4tbld"ommissioner in his discretion to reduce or 'waive the amount of minimum penalty imposable under section 18 (1) (i) or section 18 (1) (iii) in the case of a person who has voluntarily and in good faith made a full and true disclosure of his concealed wealth prior to issue of a notice to him under section 14 (2) in the formet case, and prior to the detection of the wealth by the wealth-tax oftlcer in the latter case, and, in addition, has co-operated in any en" quiry relating to the assessment of the concealed wealth and has either paid, or made satisfactory arrangements for the payment of, any tax or interest which may become payable in respect of the wealth concealed the new sub-section (2b) provides that an order of the commis~ner under sub-section (2a) shall be final and shall· not be called in question before any court of law or any other authority  ,  ~ sub-clause (iii) seeks to amend sections 31 and 34a of the wealth-tax act, 1957, with effect from 1st april, 1965 to secure that the rate of simple interest chargeable on delayed payments of tax and the interest payable by government on delayed refunds will be 6 per cent as against the existing rate of 4 per cent per annum sub-clause (iv) seeks to insert new sub-sections (3a) and (5) in section 36 of the wealth-tax act, 1957 new sub-section (3a) provides that a person in whose case the penalty imposab1e under section 18 (1) (iiit has been reduced or waived by the commissioner under sub-section (2a) of that section, sought to be introduced by sub-clause (ii) of this clause, shall not be liable to be prosecuted under section 36 (2) of that act in relation to the assessment for the assessment year in respect of which the penalty imposable has been reduced or waived  , •• -~  ~ '- new sub-section (5) provides that where any prosecution bas been started against any pierson, any statement made or account or other documents produced by him before any of the wealth-tax authorities of the rank of wealth-tax oftlcer and above shall not be -inadmissible as evidence for the purpose of the prosecution merely on the ground that such statement was made or such account or other document was produced in the belief that the penalty imposable would be reduced or waived under section 18 (za) or that t~ particular offence would be compounded clause 21-sub-clause (i) seeks to insert a new sub-section (la; in section 5 of the gift-tax act, 1958 with effect from 1st april, 1964 it provides that for the purpose of the uemption from gift-tu of a gift made on or after 1st april, 1964 for a charitable purpose or to any institution or fund established for a charitable purpose, under clause (v) or olause ('vi) of section 6 (1), "charitable purpose" shall be construed as not including a purpose the whole or substantially the whole of which is of a religious nature sub-clau8e (ii) seeks to amend sections 32 and 33a of the gifttax act, 1958, with effect from the 1st april, 1965, to secure that the rate of simple interest chargeable on delayed payments of tax and payable by government on delayed refunds shall be 6 per cent per annum as against the existing rate of 4 per cent p~r annum clause 22 seeks to insert a new section 24a in the companies (profits) surtax act, 1964 the new section empowers the central government to enter into an agreement with any foreign govemment for the grant of relief in respect of chargeable profits which have suffered both surtax under that act and a similar tax or income-tax in the foreign country, or for the avoidance of double taxation of chargeable profits under that act and under any law relating to taxation of income or profits in force in the other country clause 23 seeks to provide that notwithstanding anything contained in the indian incom)2-tax act, 1922, any sum due to or received by any pex:son in commutation of pension shaj1rnot be included and shan be deemed never to have been includible in computing his total income under the provisions of that act clause 24 seeks to make a provision for voluntary disclosures of income chargeable' to tax under the indian income-tax act, 1922 or the income-tax act, 1961 for any assessment year prior to the assessment year 1965-66 for which a person has failed to furnish a return within the time allowed under the relevant provisions of those ada, or which he has failed to disclose in a retum filed by -,; him on or before 19th august, 1965 under either of the said acts, ot which has escaped assess mer  t by reason of the omission or failure on the' part of such person to make a return under either of the -said-acts or-to disclose fully· and truly -all material facts necessary for his assessment income assessable for any assessment year for which a notice calling for the return has been issued by the incometax ofticer, and the time allowed for filing the same falls beyond the 19th august, 1965, and the return has not been furnished on or before the said date, will be outside the purview of this section further, income which has been detected or is deemed to have been detected by the income-tax oftlcer prior to the date of declaration _ will also be outside the scope of this section declarations under this section may be made any time during the period from 19th august, 1965 to 31st march, 1966 income declared under this section will be charged to tax by treating it as the total income at the rates specified in paragraph a of part i of the first schedule to the finance act, 1965 where the declarant is a person other than a company, or at the rates specified in paragraph f of the said part, where the declarant is a company, subject to certain modifications in either case where the commissioner of income-tax is satisfied that ary portion of the amount declared has already been detected or is deemed to have been detected by the income-tax officer prior to the date of declaration, he shall within 30 days of the date of declaration, make an order specifying the amount so detected which he shall estimate to the best of his judgment on the basis of such statement, information, document or other relevant material which is either in the knowledge or possession of the income-ta~ officer before the date of declaration, or is in the knowledge or possession of any other government officer before the said date and comes to the knowledge or possession of the income-tax officer not later than 15 days from the date of declaration the amount so specified in the commissioner's order will be excluded from the amount shown in the ~eclaration and the balance, or where more than one declaratron has been made, the aggregate of all the amounts declared in all such declarations as reduced by the amounts specified in the relevant orders, if any, of the commissioner, will be charged to income-tax in the manner indicated above facility will be allowed to the declarant for paying the tax as determined in in:stalments extending over a period not exceeding four years; such instalments will be allowed by the income-tax officer under the authority of the commissioner, only if not less than 10 per cent of the tax due is paid within the time allowed in the demand notice- issued by the income-tax officer for this purpose, and security to the satisfaction of the gommissioner is furnished for payment of the balance the provisions of the income-tax act, 1961 relating to collection and recovery of taxes, including charging of interest, will apply to the tax payable under this section the declaration has to be made to the commissioner and should inter alia contain particulars of the year or years in which the income was earned and the foft~ which the declared income is held and the location ot the relevant assets where ~e commissioner makes an order specifying the amount which has already been detected by the income-tax officer before the date of declaration, the declarant will have a right of appeal to the board against such order within 30 days the decision of the board on the appeal will be final and conclusive the income so specified (or the altered amount of such income where such alteration is made by the board in appeal) will be assessed to tax under the provisions of the indian income-tax act, 1922, or as the case may be, the income-tax act, 1961 and not under the provisions of this section any admission made bythe declarant in regard to such income in the declaration made by him will not, however, be used as evidence against him in proceedings for assessment of that income under the said acts or in any proceedings for penalty or prosecution in relation to such income the amount shown in a declaration under this section as ieduced by the amount, it any, already detected prior to the declaration, may be credited by the declarant in his books of account or other record and if he does so, such amount shall not be included in his total income for any assessment under the indian income-tax act, 1922 or the income-tax ~ct, 1961 or the exc~s profiu tax act, 1940 or the busil~s profits tax act, -1m? or the super profits tax act, 1963 or the companies (profits) surtax act, 1964 secrecy will be ensured in respect of the particulars shown in any declaration or record of any pro~eeding under this section clause 25-sub-clause (a) seeks to make necessary changes in section 2a of the indian tariff act, 1934 providing for inclusion in the countervailing duty chargeable on any imported article, the equivalent of the excise duty chargeable on the raw materials, components or ingredients used in the production or manufactur of like article in radia suo:clliusc -(b r-- read--wfth the schedule seeks to increase 01' otherwise modify the basic import duties on certain items two new tariff items are also being created carrying flat rates of duty the first is for all items of machinery and equipment as well as some quantity of maintenance stores imported for the initial setting up or the substantial expansion of a specified plant or project the second item covers dutiable articles imported by paqengers as baggage clause 26-sub-clause (a) seeks to raise the rate of duty on motor spirit; sub-clause (b) seeks to raise the rate of duty on kerosene; sub-clause (c) seeks to raise the rate of duty on refined diesel oils and vaporising oil; sub-clause (d) seeks to reduce the rate of duty on diesel oil, not otherwise specified; sub-c1ause (e) seeks to raise the rate of duty on furnace oil;  sub-clause (f) seeks to raise the rate of duty on asphalt bitumen and tar; sub-clause (g) seeks to raise the rate of duty on a)j products derived from refining of crude petroleum, dot otherwise specifiedj sub-clauses (h) and (i) seek to explain precisely the meanings of the words ualcohol","op1um", etc, occurring in items 14e and 14f and relate them to the definitions of these words given in· the medicinal and toilet preparations (excise duties) act, 1955; sub-clause (j) seeks to raise the rate of duty on stee] ingots; sub-clause (k) seeks to raise the rates of duty on copper and copper alloys ana their manufactures; <!s - sub-clause (1) seeks to raise the rates of duty on certain categories of iron and steel products; sub-clause (m) seeks to levy a duty of excise on zinc unwrought and raise the rate of duty on zinc manufactures; sub-clause (n) seeks to levy a duty of excise on lead unwrought  income-tax and other direct taxesclause 20 which amends sections 31 and 34a of the wealth-tax act, 1957 and clause 21 which amends sections 32 and 33a of the gift-tax act, 1958 provide for the increase of interest from four per cent to six per cent on delayed refunds by the government the exact amount of interest payable by the central government as a result of these amendments cannot be foreseen at present  customs and central excisi:the chanda committee had recommended certain reorganisation of the structure of the excise department broadly on the following lines:- (a) strengthening the internal audit by formation of a separate directorate with jurisdiction all over india for more efficient scrutiny both of customs and excise revenue assessments and realisations this measure will improve the eftlciency of collection and serve to plug the loopholes, if any, in the administrativ~ system as well as the legal and procedural controls (b) formation of some new collectorates, with a view to making the collectorate charges viable and improve the efficiency of administration in the collectorates (c) formation of a directorate of training for mote eftlcient in-service training of the customs and excise departmental officers at all levels including class i officers up to the level of assistant collectors (d) setting up of more regional chemical laboratories and providing the necessary equipment, chemicals, etc, required for running them this proposal is made to give relief to the existing laboratories where the number of customs and excise samples tested have gone up enormously as a result of increased coverage of excise and custom imports (e) setting up of a directorate of tax research and planning which will be a composite unit for customs and excise for continuous study of indirect tax potentiality, the                   ,                                                                          63                                                                                                                                                  , burden of tax-income-wise, commodity-wise and industrywiae--tjtudy of production and consumption trends, etc, and generally to function as awing of the central board of excise and customs assisting it in the formula1ion of taxation proposals and also in revenue budgeting as the present bill proposes to increase the duty of customs and duty of excise on a number of items, it is felt that some increase of staff is necessary especially if the aforesaid recommendations of the chanda committee are to be implemented for the remaining part of the current year it is estimated that all extra expenditure of about rs 33 lakhs may be incurred  requirements of personnel and finance c| no        ||------------|| oit        || cmolumenta | i o/pur,:ell) directon - coijec:ton 3 3 x ra 27000 181,000 " " x ra 7,680· 10,730 -by uppadation of dy co1lecto~' post ~ } 24 x !b 18,600 14",6aoo (6) joint director dy directon  dy c:uef clcmiata 3 3 x ri i~ooo r36,ooo (e) cbemic:al bpminen grade i 38 175 x ro 8_ 3 i 18 6,67,500 iz 3 j 5 } 13 x ib 9000 " i 1,17,000 3 (d) aatt couecton - senior raearch ofllcen statistician - aa:ouma oftlcen  ~l~i ojemicii· glide n e-) cud' accxnaii 0filcen prindpu apdnucn - lec:auer in-law  chief pi:eftntive inapeddrl 100 10 6 24 166 x ra ,7,100 il,78600 i 2 i " 18 superiilteddedtl  ii stqff-&m:iiiiw - t~:(6)~rs - ~  preventive ofllcoers - chembl aasiatanta, _ 280 15 so 30 ~ 37s x ib 3600 ,~ j---- ------------gl"idc ii ce) sub-ios})!:c'tofl 100 100 x lb 1,730 172potj  iii slajj-minisur~:~9se~~ts : i~ head iautta 42 onca ' ~ - - - 6rs ldca •• 7 stedop'aphen and 172 steno-typilta incidentals inc1udin, clasa iv ad, relit, ta-, laboratory eqwpment and chemic::als etc 29130,000 fot one year •• total 98,24,82,0 or _ lay -ra 98' 25 latha for 4 months of the current year ra_ 33 lakha  abstract| ra              | in             ||------------------|----------------|| 1aklu            |                || 10'65            |                || 3s'5             |                || 0                |                || 16'50            |                || 33'5             |                || 0                |                || 2'10             |                || i               |                || rcorpnisation    |                || of               | couectorates - || 2               |                || directorate      | of             || 3 reponal       |                || laboratories     |               || 4-               |                || central          |                || t~               |                || institute,       |                || zonal            |                || schools, trainmg |                || raerve           |                || posta           |                || s               |                || directorate      | of             || and              |                || planning        |                || -'              | for            || full             |                || year             |                || -                | :f!iij        || total            |                || 98'25            |                || for              | 4 months       || the              |                || current year     |                || -                | ra            || 1aklu           |                | memorandum regarding delegated legislationclause 16 amends section 280w of the income-tax act, 196110 as to enable the central government to specify in the scheme made under that section the manner in which the excess ordeflciency of annuity deposit may be refunded, adjusted or otherwise dealt with and the factors that may be taken into account in this connection 2 clause 25, sub-clause (4) proposes to insert some new sub-sections in section 2a 02 the indian tariff act, 1934 so as to enable the central government to make rules for the purposes of d~terminin" the addition to countervailing duty leviable on an imported article, such addition being on account of the excise duty leviable on raw materials, components or ingredients used in the,pmduction or manufacture of a like article in india 3 the aforesaid matters in respect of which the scheme or rules will be made are matters of procedure and detail and it is hardly practicable for these matters to be provided in the bill itself the delegation of legislative power is thus of a normal character  a di llfurther to amend certain laws relating to direct taxes, to provide for voluntary disclosure of income, to increase or modify duties of customs on certain goods imported into india and to increase or modify and to impose uuties of excise on certain goods produced or manufactured in india (shri t t krishnamachari, minister of fi1lllnce) 