The Central Excise Act, 1944 · II — LEVY AND COLLECTION OF DUTY

Section 12C. Consumer Welfare Fund

In force · As amended up to 2026-08

12C. Consumer Welfare Fund .— (1) There shall be established by the Central Government a fund, to be called the Consumer Welfare Fund. (2) There shall be credited to the Fund, in such manner as may be prescribed,— 1. Subs. by Act 31 of 2016, s. 246 & Sch. II, for "and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002)" (w.e.f. 1-11-2016). 2. Subs. by Act 33 of 1996, s. 78, 3. Subs. by ibid , s. 78, for "Sea Customs Act, 1878 (8 of 1878)". 4. Ins. by Act 8 of 2011, s. 67 (w.r.e.f. 10-5-2008). 5. Ins. by ibid, s. 67 (w.e.f. 10-5-2008). 6. Ins. by Act 40 of 1991, s. 6 (w.e.f. 20-9-1991). (a) the amount of duty of excise referred to in sub-section (2) of Section 11B or sub-section (2) of Section 11C or sub-section (2) of Section 11D; (b) the amount of duty of customs referred to in sub-section (2) of Section 27 or sub-section (2) of Section 28A, or sub-section (2) of Section 28B of the Customs Act, 1962 (52 of 1962); (c) any income from investment of the amount credited to the Fund and any other monies received by the Central Government for the purposes of this Fund; 1[(d) the surplus amount referred to in sub-section (6) of Section 73A of the Finance Act, 1994 (32 of 1994).]

Source: India Code

How this section changed

  1. substituted by Act 31 of 2016, s. 246

    In force from 1 Nov 2016

    Earlier wording: “and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002)”

    Footnote: 1. Subs. by Act 31 of 2016, s. 246 & Sch. II, for "and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002)" (w.e.f. 1-11-2016).