Section 8 of The Coal Mines Labour Welfare Fund (Repeal) Act, 1986
Collection and payment of arrears of duty.
Notwithstanding the repeal of the Act, the proceeds of duty levied before the appointed day under section 3 of the Act,--
- (i)if collected by the collecting agencies but not paid into the Reserve Bank of India; and
- (ii)if not collected by the collecting agencies, shall be paid or, as the case may be, collected and paid, into the Reserve Bank of India for being credited to the Consolidated Fund of India.
Summary
- This provision deals with the collection and payment of unpaid taxes, known as arrears of duty.
- If collecting agencies already collected the duty but did not pay it to the Reserve Bank of India, they must pay it now.
- If collecting agencies have not collected the duty yet, they must collect it and pay it to the Reserve Bank of India.
- Even though the old Act is repealed, this work must still be completed.
- All of this collected money must eventually be credited to the Consolidated Fund of India.
Practical examples
FAQ
1. Where must the collected duties be deposited?
They must be paid into the Reserve Bank of India.
2. What is the ultimate destination of the duty money?
It is credited to the Consolidated Fund of India.
3. Under what section of the old Act must the duties have been levied?
They must have been levied under section 3 of the Act.
4. What must an agency do if it has already collected the duty but not paid it into the Reserve Bank of India?
It must pay that money into the Reserve Bank of India.
Test yourself
1.What bank is specifically named to receive the payments of these duties?
2.To which fund is the money in the Reserve Bank of India credited under Section 8?
3.Under which section of the old Act must the duty have been levied to fall under Section 8?
4.What must be done with duties that were not collected by the agencies before the appointed day?
5.Does the repeal of the old Act prevent the collection of arrears?