{"act":{"id":"finance-act-2016","short_title":"The Finance Act, 2016","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2016-2017.","act_number":null,"act_year":2016,"enact_date":"2016-06-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":276,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2016/"},"unit":"section","section":{"number":"230","heading":"Amendment of Act 54 of 2000","text":"PART VII Amendment to the Central Road Fund Act, 2000 Amendment of Act 54 of 2000 230 . In section 10 of the Central Road Fund Act, 2000, with effect from the 1st day of June, 2016,— (A) | in sub-section (1), for clause (viii), the following clause shall be substituted, namely:— \"(viii) allocation of— (a) | thirty-three and one-half per cent. of the cess on high speed diesel and petrol for the development of rural roads; (b) | forty-one and one-half per cent. of the cess on high speed diesel and petrol for the development and maintenance of national highways; (c) | fourteen per cent. of the cess on high speed diesel and petrol for railways safety works, including the construction of road either under or over the railways by means of a bridge and erection of safety works at unmanned rail-road crossings, new lines, conversion of existing standard lines into gauge lines and electrification of rail lines: Provided that no repair, maintenance or renovation work shall be carried out from the allocation of cess under this sub-clause; (d) | ten per cent. of the cess on high speed diesel and petrol on development and maintenance of State roads of inter-State and economic importance to be so approved by the Central Government; and (f) | one per cent. of the cess on high speed diesel and petrol on development and maintenance of road in border areas.\"; (B) | sub-section (2) shall be omitted.","html":"<p>PART VII</p><p><b>Amendment to the Central Road Fund Act, 2000</b></p><p><b>Amendment of Act 54 of 2000 </b></p><p><b>230 </b>. In section 10 of the Central Road Fund Act, 2000, with effect from the 1st day of June, 2016,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>in sub-section (1), for clause (<i>viii</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>viii</i>) allocation of—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>thirty-three and one-half per cent. of the cess on high speed diesel and petrol for the development of rural roads;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>forty-one and one-half per cent. of the cess on high speed diesel and petrol for the development and maintenance of national highways;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>fourteen per cent. of the cess on high speed diesel and petrol for railways safety works, including the construction of road either under or over the railways by means of a bridge and erection of safety works at unmanned rail-road crossings, new lines, conversion of existing standard lines into gauge lines and electrification of rail lines:</td></tr><tr><td></td><td></td><td><b>Provided </b>that no repair, maintenance or renovation work shall be carried out from the allocation of cess under this sub-clause;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>ten per cent. of the cess on high speed diesel and petrol on development and maintenance of State roads of inter-State and economic importance to be so approved by the Central Government; and</td></tr><tr><td>(<i>f</i>)</td><td></td><td>one per cent. of the cess on high speed diesel and petrol on development and maintenance of road in border areas.\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>B</i>)</td><td></td><td>sub-section (<i>2</i>) shall be omitted.</td></tr></table></div>","words":244,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/230/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}