Tax Law

The tax laws are sets of acts and rules that govern the revenue collection system and its collection process in India. These Indian tax laws are basically directives for regulatory bodies that collect taxes from different sources.

The main purpose of incorporating these tax laws in the financial administrative system of India is to provide a guideline for generating revenues for the functioning of the Government machineries. The main tax laws that guides the Indian economy are as follows -

Indian Customs Acts:



  • Customs Act, 1962
  • Customs Tariff Act, 1975
  • Provisional Collection of Taxes Act, 1931
  • Foreign Trade (Development and Regulation) Act, 1992
  • Foreign Trade (Regulation) Rules, 1993
  • Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993
  • Central Excise Act, 1944
  • Central Excise Tariff Act, 1985
  • Taxation Laws (Amendment) Act, 2006

Indian Customs Rules:



  • Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957
  • Customs (Attachments of Property of Defaulters for Recovery of Government Dues) Rules, 1995
  • Accessories (Condition) Rules, 1963 Re-Export of Imported Goods (Drawback of Customs Duties) Rules, 1995
  • Notice of Short-Export Rules,1963
  • Customs and Central Excise Duties Drawback Rules,1995
  • Specified Goods (Prevention of Illegal Export) Rules, 1969
  • Customs Tariff (Determination of Origin of Goods under the Agreement on SAARC Preferential Trading Arrangement) Rules,1995
  • Notified Goods (Prevention of Illegal Import) Rules, 1969
  • Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995
  • Denaturing of Spirit Rules, 1972
  • Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
  • Customs (Publication of Names) Rules,1975
  • Customs( Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996
  • Customs Tariff (Determination of Origin of Goods under the Bangkok Agreement) Rules, 1976
  • Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997
  • Customs Tariff (Determination of Origin of the U.A.R. and Yugoslavia) Rules, 1976 Baggage Rules, 1998
  • Customs Tariff (Determination of Origin of Other Preferential Areas) Rules,1977
  • Customs (Settlement of Cases) Rules, 1999
  • Customs Valuation (Determination of Price of Imported Goods) Rules, 1988
  • Customs Tariff (Determination of Origin of Goods under the Free Trade Agreement Between the Democratic Socialistic Republic of Sri Lanka and the Republic of India) Rules, 2000
  • Rules of Determination of Origin of goods under the Agreement on South Asian Free Trade Area (SAFTA)

Indian Central Excise Acts:



  • Central Excise Act, 1944
  • Central Excise Tariff Act, 1985
  • National Calamity Contingent Duty (Section 136 of the Finance Act, 2001 (14 of 2001)
  • Education Cess (Chapter VI of the Finance Bill, 2004)
  • Additional Duties of Excise (Goods of special importance) Act, 1957
  • Additional Duties of Excise (Textiles and Textile Articles) Act, 1978
  • The Central Excise Laws (Amendment and Validation) ordinance, 2005

Indian Central Excise Rules:



  • Central Excise (Compounding of Offenses) Rules, 2005
  • The Central Excise Laws (amendment and validation) Ordinance, 2005, Dated 25/01/2005
  • Authority for Advance Rulings (Customs, Central Excise and Service Tax) Procedure Regulations, 2005
  • The Cenvat Credit Rules, 2004
  • The Central Excise Rules, 2002 (Section 143 of the Finance Act, 2002)
  • The Cenvat Credit Rules, 2002 (Section 144 of the Finance Act, 2002)
  • The Central Excise (Appeals) Rules, 2001
  • The Central Excise (Settlement of Cases) Rules, 2001
  • The Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001
  • The Central Excise (No.2) Rules, 2001 (Superseded)
  • The Cenvat Credit Rules, 2001 (Superseded)
  • Central Excise Rules, 1944 (Rescinded)
  • Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000
  • Consumer Welfare Fund Rules, 1992
  • The Customs, Excise & Gold (Control) Appellate Tribunal (Procedure) Rules, 1982.
  • The Central Excise (Advance Rulings) rules, 2002.
  • Induction Furnace Annual Capacity Determination Rules, 1997 (Rescinded vide Notification No. 24/2000-CE (NT), dated 31.3.2000)
  • Hot Re-rolling Steel Mills Annual Capacity determination Rules, 1997 (Rescinded vide Notification No. 24/2000-CE (NT), dated 31.3.2000)
  • Hot Air Stenter Independent Textile Processors Annual Capacity Determination Rules, 2000 (Rescinded vide Notification No. 7/2001-CE, dt.1-3-2001)

Indian Income Tax Acts:



  • Finance Act, 2007- An Act to give effect to the financial proposals of the Central Government for the financial year 2007-2008
     
  • National Tax Tribunal (Amendment) Act, 2007 - An Act to amend the National Tax Tribunal Act, 2005
     
  • Taxation Laws (Amendment) Act, 2006 - An Act further to amend the Income-tax Act, 1961, the Customs Act, 1962, the Customs Tariff Act, 1975 and the Central Excise Act, 1944
     
  • Finance Act, 2006 - An Act to give effect to the financial proposals of the Central Government for the financial year 2006-2007
     
  • Taxation Laws (Amendment) Act, 2005 - An Act further to amend the Income-tax Act, 1961 and the Finance Act, 2005
     
  • National Tax Tribunal Act, 2005 - An Act to provide for the adjudication by the National Tax Tribunal of disputes with respect to levy, assessment, collection and enforcement of direct taxes and also to provide for the adjudication by that Tribunal of disputes with respect to the determination of the rates of duties of customs and central excise on goods and the valuation of goods for the purposes of assessment of such duties as well as in matters relating to levy of tax on service, in pursuance of article 323B of the Constitution and for matters connected therewith or incidental thereto
     
  • Finance Act, 2005 - An Act to give effect to the financial proposals of the Central Government for the financial year 2005-2006
     
  • Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005- An Act to provide for the responsibility of the State Government to ensure inter-generational equity in fiscal management, fiscal stability
     
  • Finance (No. 2) Act, 2004 - The following Act of Parliament received the assent of the President on the 10th September, 2004, and is hereby published for general information:- An Act to give effect to the financial proposals of the Central Government for the financial year 2004-2005
     
  • Finance Act, 2004- An Act to continue for the financial year 2004-05 the existing rates of income-tax and the levy of the National Calamity Contingent Duty and the National Calamity Contingent Duty of Customs on certain items

Indian Income Tax Rules:

  • Income-tax (Fourteenth Amendment) Rules, 2007- In exercise of the powers conferred by section 295 read with sub-section (2) of section 17 of the Income-tax Act, 1961 (43 of 1961)
  • Income-tax (Thirteenth Amendment) Rules, 2007
  • Income-tax (Twelfth Amendment) Rules, 2007
  • Income-tax (Eleventh Amendment) Rules, 2007
  • Income-tax (Ninth Amendment) Rules, 2007
  • Income-tax Welfare Fund Rules, 2007
  • Wealth-tax (First Amendment) Rules, 2007
  • Post Office (Monthly Income Accounts) (Amendment) Rules, 2007
  • Directorate of Income-tax (Systems), Joint Director (Systems), Deputy Director (Systems) and Assistant Director (Systems) Recruitment (Amendment) Rules, 2007
  • Income-tax (Eighth Amendment) Rules, 2007


Last Updated on 14th June 2011

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