 tlie provi~ional collection of 'taxes' (amendment) bill, 1964 a billfurther to amend the provisional collection of taxes act, 1931, be it enacted by parliament in the fifteenth year of the republic of india as follows:-l <h this act may be called the provisional collection of taxes shon title (amendment) act, 1964 add commencement 5 (2) this act shall come into force on such date as the central government may, by notification in the official gazette, appoint 16 of 1931 2 in section 4 and 5 of the provisional collection of taxes act, amendment 1931, for the words "sixtieth day", wherever they oceur, the words ofsectlons 4 "seventy-~ qy" ~a11 be 8u~ed and s·  statement of objects and reasonswhenever a bill proposing inter alia certain impositions or increases in customs and lor excise duties is introduced in parliament, by virtue of a declaration appended to the bill under the provisional collection of taxes act, 1931, such impositions or increases are provisionally brought into force from the day immediately following the day on which the bill is introduced the authority for such provisional collection of the new or enhanced duties derived from this declaration lapses on the expiry of sixty days this makes it necessary for any such bill to be enacted into law within the said period, if provisional collection is not to  come to a stop and all duties provisionally collected are· not to become refundable in the recent years it has been felt that the time provided for such provisional collection of the duties proposed to be imposed or e~nced is not always adequate for a full and careful consideration particularly for the finance bill by both the houses of parliament before it is enacted into law it is, therefore, proposed that the time-limit be increase!! from sixty days to seventy-five days new delhi; t t krishnamachari the 15th september, 1964  president's recommendation under articles 117 and 274 of the constitution of india[copy of letter no 2/l0/64-cx-i, dated the 19th september, ]964 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 further to amend the provisional collection of taxes act, 1931 recommends under articles 117(1), 117(3) and 274(1) of the constitution the introduction and consideration of the bill in the lok sabha  lok sabra corrig:6nda to the provisional collection of taxes (amendk&nt) bill, 1964 -(to be/as introduced in lok sabha) 1 page 1, line 7,-for "section" ~ "sections lt 2 page 4, in the marginal heading to section 4,-ill i1hereof" ~ "thereof" nrw delhi; september 26, 1964 asvina 4, 1886 (saka)  financial memorandumthis bill merely seeks to extend the period of validity from sixty days to seventy-five days of certain provisions imposing or increasing certain duties in respect of which a declaration is made under the provisional collection of taxes act, 1931 whether ,by this extension any expenditure will be involved from the consolidated fund of india or not will depend upon the p~ovisions of the bill in respect of which such declaration is made and if such expenditure is involved, the financial memorandum aottached to that bill will set out the details thereof it is not, therefore, possible to indicate at this stage the quantum of expenditure, if any, which may be involved by mere extension of the period of validity of a declared provision f;xtracts from the provisionll collection of taxes act, 1931 , , ';" (l8' olj~i) " ' "  ''   , , ' • (1) a 4ec~ prov~ 8h~ h~ve tj?e forc~ of law ~e­~tely on tpe' expiry of the' day on' which the sm' containing it is introduced ebect of declarations udderthii actljld dvadon hereof - • \ ~ " i i (2) a declared provision shall cease to have the force of law under' the proy'ibions' of this' ac~ (a) wren it comes into operation as an enactment, with or i' ',_11 f" i i " - wit~out aljlen(lu:umt, or  i , l (b) when the central government, in pursuance of emotion passed by parliament, directs, by notification in the offtcial gazette, that it shall cease !~ ~!~~ the force of law, or (c) if it has not alre~dy ceased to have the force of law under clause (a) or clause (b), then on the expiry of the sixtieth day after the day on which the bill containing it was introduced certain refunds to be made whcodecla rations cease to have effect 5 (1) where a declared provision comes into operation as an enactment in an amended form before the expiry of the sixtieth day after the day on which the bill -containing it was introduced, refunds shall be made of all duties collected which would not have been collected if the provision adopted in the enactment had been the decl'ared provision:  providfi!d 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 declared provision and the rate of such duty in force when the bill was introduced (2) where a declared provision ceases to tiave 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  - - - - -  loksabha a bill further to amend the provisional collection of taxes act, 1931(shri t t krishnllmadlari, minister of finance) 