Bare Act Search Results

Finance Act, 2012, (Central) Schedule

Title: the Seventh Schedule

State: Central

Year: 2012

.....of jewellery or on articles of goldsmiths' or silversmiths' wares of precious metal or of metal clad with precious metal, shall amount to "manufacture".'; (b) for the entry in column (4) occurring against all the tariff items of heading 7101, 7103, 7104 (except 7104 10 00), 7105 and 7106, the entry "12%" shall be substituted; (c) in tariff item 7104 10 00, for the entry in column (4), the entry "6%" shall be substituted; (d) in tariff item 7107 00 00, for the entry in column (4), the entry "12%" shall be substituted; (e) for the entry in column (4) occurring against all the tariff items of heading 7108, the entry "12%" shall be substituted; (f) in tariff item 7109 00 00, for the entry in column (4), the entry "12%" shall be substituted; (g) for the entry in column (4) occurring against all the tariff items of heading 7110, the entry "12%" shall be substituted; (h) in tariff item 7111 00 00, for the entry in column (4), the entry "12%" shall be substituted; (i) for the entry in column (4) occurring against all the tariff items of headings 7112, 7113, 7114, 7115 and 7116, the entry "12%" shall be substituted; (j) for the entry in column (4) occurring against.....

Finance Act, 2012, (Central) Schedule

Title: the Third Schedule

State: Central

Year: 2012

.....covered by ISRI code word 'Vaunt"'; (6) in Chapter 76, in heading 7602, in tariff item 7602 00 10, in column (2),-- (a) for the words "ISRI code word 'Talap', the words "ISRI code word 'Talc"' shall be substituted; (b) for the words "ISRI code word 'Tanri', the words "ISRI code word 'Tann'" shall be substituted; (c) for the words "old aluminium foil covered by ISRI code word 'Testy"', the following words shall be substituted, namely:-- "New aluminium foil covered by ISRI code word 'Tetra'; Old aluminium foil covered by ISRI code word 'Tesla';"; (d) for the words "ISRI code word 'Twitch"', the following words and brackets shall be substituted, namely:-- "ISRI codeword 'Twitch'; Aluminium auto or truck wheels covered by ISRI code word 'Troma'; Fragmentizer aluminium scrap from automobile shredders covered by ISRI code word 'Tweak'; Burnt Fragmentizer aluminium scrap (from automobile shredders) covered by ISRI code word 'Twire'; Shredded non-ferrous scrap (predominantly aluminium) covered by ISRI code word 'Zorba'; Aluminium drosses, spatterns, spellings, skimmings and sweepings covered by ISRI code word 'Thirl'; New production aluminium extrusions.....

Finance Act, 2012, (Central) Schedule

Title: the First Schedule

State: Central

Year: 2012

.....any debentures issued by a company where such debentures are listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; (C) any security of the Central or State Government (vi) on any other income 10 per cent.; (b) where the person is not resident in India (i) in the case of a non-resident Indian (A) on any investment income 20 per cent.; (B) on income by way of long-term capital gains referred to in section 115E or sub-clause (iii) of clause (c) of sub-section (1) of section 112. 10 per cent.; (C) on income by way of short-term capital gains referred to in section 111A 15 per cent.; (D) on other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of section 10] 20 per cent.; (E) on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section 194LB or section 194LC) 20 per cent.; (F) on income by way of royalty payable by.....

Railway Property (Unlawful Possession) Amendment Act, 2012, (Central) Section 2

Title: Amendment of Section 3

State: Central

Year: 2012

In the Railway Property (Unlawful Possession) Act, 1966 (hereinafter referred to as the principal Act), in section 3,-(29 of 1966.) (i) for the marginal heading, the following marginal heading shall be substituted, namely:- "Penalty for theft, dishonest misappropriation or unlawful possession of railway property."; (ii) for the words "Whoever is found, or is proved", the words "Whoever commits theft, or dishonestly misappropriates or is found, or is proved" shall be substituted; (iii) after clause (b), the following Explanation shall be inserted, namely:- 'Explanation.-For the purposes of this section, "theft" and "dishonest misappropriation" shall have the same meanings as assigned to them respectively in section 378 and section 403 of the Indian Penal Code.'.(45 of 1860.)

Railway Property (Unlawful Possession) Amendment Act, 2012, (Central) Section 3

Title: Amendment of Section 4

State: Central

Year: 2012

In section 4 of the principal Act,- (i) for the marginal heading, the following marginal heading shall be substituted, namely:- "Punishment for abetment, conspiracy or connivance at offences."; (ii) for the words "Any owner", the words "Whoever abets or conspires in the commission of an offence punishable under this Act, or any owner" shall be substituted; (iii) the following Explanation shall be inserted, namely:- 'Explanation.-For the purposes of this section, the words "abet" and "conspire" shall have the same meanings as assigned to them respectively in sections 107 and 120A of the Indian Penal Code.'.(45 of 1860.)

Railway Property (Unlawful Possession) Amendment Act, 2012, (Central) Section 4

Title: Amendment of Section 8

State: Central

Year: 2012

In section 8 of the principal Act,- (i) for the marginal heading, the following marginal heading shall be substituted, namely:- "Inquiry how to be made."; (ii) in sub-section (1), for the words "When any person is arrested", the words "When an officer of the Force receives information about the commission of an offence punishable under this Act, or when any person is arrested" shall be substituted.

Finance Act, 2012, (Central) Section 19

Title: Insertion of New Section 54gb

State: Central

Year: 2012

.....to the due date of furnishing of return of income under sub-section (1) of section 139 by the assessee; (ii) it is engaged in the business of manufacture of an article or a thing; (iii) it is a company in which the assessee has more than fifty per cent. share capital or more than fifty per cent. voting rights after the subscription in shares by the assessee; and (iv) it is a company which qualifies to be a small or medium enterprise under the Micro, Small and Medium Enterprises Act, 2006(27 of 2006); (c) "net consideration" shall have the meaning assigned to it in the Explanation to section 54F; (d) "new asset" means new plant and machinery but does not include-- (i) any machinery or plant which, before its installation by the assessee, was used either within or outside India by any other person; (ii) any machinery or plant installed in any office premises or any residential accommodation, including accommodation in the nature of a guest-house; (iii) any office appliances including computers or computer software; (iv) any vehicle; or (v) any machinery or plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or.....

Finance Act, 2012, (Central) Schedule

Title: the Sixth Schedule

State: Central

Year: 2012

THE SIXTH SCHEDULE (See section 140) In the Third Schedule to the Central Excise Act, after S. No. 26 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:-- S. No. Heading, sub-heading or tariff item Description of goods (1) (2) (3) "26A 2402 20 10 to 2402 20 90 All goods".

Unlawful Activities (Prevention) Amendment Act, 2012 Complete Act

State: Central

Year: 2012

.....features as specified in the Third Schedule.'; (v) after sub-section (1), the following sub-section shall be inserted, namely" "(2) The terrorist act includes an act which constitutes an offence within the scope of, and as defined in any of the treaties specified in the Second Schedule.". 5. Omission of Section 16-A." Section 16-A of the principal Act shall be omitted. 6. Substitution of new Section for Section 17." For Section 17 of the principal Act, the following Section shall be substituted, namely" "17. Punishments for raising funds for terrorist act." Whoever, in India or in a foreign country, directly or indirectly, raises or provides funds or collects funds, whether from a legitimate or illegitimate source, from any person or persons or attempts to provide to, or raises or collects funds for any person or persons, knowing that such funds are likely to be used, in full or in part by such person or persons or by a terrorist organisation or by a terrorist gang or by an individual terrorist to commit a terrorist act, notwithstanding whether such funds were actually used or not for commission of such act, shall be punishable with imprisonment for a term which shall not.....

Prevention of Moneylaundering (Amendment) Act, 2012 Complete Act

State: Central

Year: 2012

..... (ii) after Clause (h), the following Clause shall be inserted, namely" ˜(ha) "client" means a person who is engaged in a financial transaction or activity with a reporting entity and includes a person on whose behalf the person who engaged in the transaction or activity, is acting;'; (iii) after Clause (i), the following Clauses shall be inserted, namely" ˜(ia) "corresponding law" means any law of any foreign country corresponding to any of the provisions of this Act or dealing with offences in that country corresponding to any of the scheduled offences; (ib) "dealer" has the same meaning as assigned to it in Clause (b) of Section 2 of the Central Sales Tax Act, 1956 (74 of 1956);'; (iv) Clause (ja) shall be omitted; (v) for Clause (l), the following Clause shall be substituted, namely" ˜(l) "financial institution" means a financial institution as defined in Clause (c) of Section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934) and includes a chit fund company, a housing finance institution, an authorised person, a payment system operator, a non-banking financial company and the Department of Posts in the Government of India;'; (vi).....