 the provisional collection of taxes (temporary amendment) bill, 1957(as introduced in 1o1t sabha)  the provisional collection of taxes (temporary amendment) bill,' 1957 (as introduced in lor sabha)a bill to amend the provisional collection of taxes "act 1931" for  temporary period be it enaeted by parliament in the eighth year of the republic of india as follows:-1 this act may be called the provisional collection of tuell short lltk , (temporary amendment) act, 1957   ~ 2 where a bill introduced in parliament during the period tempoiiid1 commencing on the 15th day of may, 1957, and ending with the 311t :::::: day of december, 1957, contains a declared provision as defined in and s act section 2 of the provisional collection of, taxes act, 1931, sections 4: 16 of (9)' and 5 of that act shall have effect in relation to such bill as if for c() the words "sixtieth day" in clause (c) of sub-section (2), 01 section and in sub-section (1) of section 5, the words "one hundred and twentieth day" had been substituted  statement of objects and reasonsa finance bill proposing inter alia certain increases in customs and excise duties has been introduced in the current session of parliament by virtue of a declaration appended to the bill under the provisional collection of taxes act, 1931, these increases have been provisionally brought into force immediately with the introduction of the bill the authority for provisional collection of the increases derived from this declaration lapses at the end of 60 days the finance bill would, therefore, have to be enacted into law within this period, if provisional collection is not to come to a stop and an du~ie8 provisionally collected are not to become refundable the duration of the current session of parliament is expected to be about three weeks only, which will not give parliament sufficient time to examine the important taxation proposals being made in the finance bill in order, therefore, that parliament may be enabled to consider that bill in its next session which is expected to commence in the month of july, 1957, the present bill proposes to extend the 6o-day period provided in the provisional collection of taxes act, 19'31 to 129 days as a temporary measure t t krishnal\4achari new dzlhi; the 11th mcifl, 1917,  annexureeatract from the provisional collection of taxes act, 1931 no xvi of 1931 - - - - - 2 in this act, a "declared provision" means a provision 1n a definitiod sm in respect of which a declaration has been made under section 3  - - - - - 4 (1) a declared provision shall have the force of law immediately on the expiry of the day on which the bill containing it is ~~io; sf introduced under till, act, an,t duratil'n ihereof (2) a declared provision shall cease to have the force of law under the provisions of this act-(a) when it comes into 'operation as an enactment, with or without amendment, or (b) when the central government, in pursuance of a motion passed by the parliament, directs, by notification in the official gazette, that it shall cease to have the force of law, or (c) if it has not already ceased to have the force of law under clause (a) or clause (b), then on the expiry of the slxtieth day after the day on which the bill containing it was introduced 5 (1) where a declared provision comes into operation as an fuddcertain ro- - - to bl enactment 1d an amended form before the expiry of the sixtieth day made whel after the day on which the bill containing it was introduced, refunds :~~~ shall be made of all duties collected which would not have been have eft'~ collected if the provision adopted in the enactment had been the declared provision: provided that the rate at which refunds of any duty may be made under this sub-section shall not exceed the difference between the rate of such duty proposed in the d'eclared provision and the rate of such duty in force when the bill was introduced (2) where a declared provision ceases to have the force of law under clause (b) or clause (c) of sub-section (2) of section 4 refunds shall be made of all duties collected which would not have been collected if the declaration in respect of it had not been made  a billto amend the provisional collection of taxes act 1931 for a temporary period the president has in pursuance of clauses (1) and (3) of article ii7 and clause (1) of article 274 of the constitution of india, recommended to lok sabha the introduction and consideration of the bill m n kaul secretary (shri t t krishnamachari, ministe1' of finance) gmgipnd-l8-i-324 ls-17-s-s7-175o 