Chapter-IIA, Indicating Amount of Duty in the Price of goods, etc, for
Purpose of Refund and Crediting Certain Amounts to the fund.
CHAPTER IIA
INDICATING AMOUNT OF DUTY IN THE PRICE OF GOODS, ETC., FOR PURPOSE
OF REFUND AND CREDITING CERTAIN AMOUNTS TO THE FUND
12A. Price of goods to indicate the amount of duty paid thereon.-
Notwithstanding anything contained in this Act or any other law for the time
being in force, every person who is liable to pay duty of excise on any goods
shall, at the time of clearance of the goods, prominently indicate in all the
documents relating to assessment, sales invoice, and other like documents, the
amount of such duty which will form part of the price at which such goods are to
be sold.
12B. Presumption that incidence of duly has been passed on to the
buyer.- Every person who has paid the duty of excise on any goods under
this Act shall, unless the contrary is proved by him, be deemed to have passed
on the full incidence of such duty to the buyer of such goods.
12C. Consumer Welfare Fund.-
- There shall be established by the Central Government a fund, to be
called the Consumer Welfare Fund.
- There shall be credited to the Fund, in such manner as may be
prescribed,—
- 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;
- 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);
- 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.
12D. Utilisation of the Fund. -
- Any money credited to the Fund shall be utilised by the Central
Government for the welfare of the consumers in accordance with such rules as
that Government may make in this behalf.
- The Central Government shall maintain or, if it thinks fit, specify the
authority which shall maintain, proper and separate account and other
relevant records in relation to the Fund in such form as may be prescribed
in consultation with the Comptroller and Auditor-General of India.