PART VII
AMENDMENT TO THE CENTRAL BOARDS OF REVENUE ACT, 1963
157. Amendment of Act 54 of 1963
In the Central Boards of Revenue Act, 1963, with effect from the date on which the Finance Bill, 2018 receives the assent of the President,-
(a) “the Central Board of Excise and Customs” shall be renamed as “the Central Board of Indirect Taxes and Customs”;
(b) throughout the Act, for the words “Excise and Customs”, wherever they occur, the words “Indirect Taxes and Customs” shall be substituted, and such other consequential amendments as the rules of grammar may require shall also be made.
Notes on Clauses:
Clause 157 of the Bill seeks to amend the Central Boards of Revenue Act, 1963.
Sub-clause (a) of said clause seeks to rename the "the Central Board of Excise and Customs" constituted under the Central Boards of Revenue Act, 1963, as "the Central Board of Indirect Taxes and Customs".
Sub-clause(b) of said clause seeks to make amendments throughout the Act so as to substitute the words "Indirect Taxes and Customs", for the words "Excise and Customs" wherever they occur.
The said amendments shall take effect from the date on which the Finance Bill, 2018 receives the assent of the President.
