1. Short title, extent and commencement
Short title, extent and commencement.—
(1) This Act may be called the Economic Offences (Inapplicability of Limitation) Act, 1974.
(2) It extends to the territories to which the Code of Criminal Procedure, 1973 (2 of 1974) applies.
(3) It shall come into force on the 1st day of April, 1974.
2. Chapter XXXVI of the Code of Criminal Procedure, 1973 not to apply to certain offences. THE SCHEDULE. ACT NO. 12 OF 1974 [27th March, 1974.] An Act to provide for the inapplicability of the provisions of Chapter XXXVI of the Code of Criminal Procedure, 1973 to certain economic offences
Chapter XXXVI of the Code of Criminal Procedure, 1973 not to apply to certain offences.— Nothing in Chapter XXXVI of the Code of Criminal Procedure, 1973 (2 of 1974) shall apply to—
(i) any offence punishable under any of the enactments 1[or provisions, if any, thereof] specified in the Schedule; or
(ii) any other offence, which under the provisions of that Code, may be tried along with such offence, and every offence referred to in clause
(i) or clause
(ii) may be taken cognizance of by the Court having jurisdiction as if the provisions of that Chapter were not enacted. THE SCHEDULE (See section 2) 1. The Indian Income Tax Act, 1922 (11 of 1922). 1[1A. Clause
(a) of section 63 of the Copyright Act, 1957 (14 of 1957).] 2. The Income Tax Act, 1961 (43 of 1961). 2[
2A. Section 2A
The Interest-tax Act, 1974 (45 of 1974).] 3[
2B. Section 2B
The Hotel-Receipts Tax Act, 1980 (54 of 1980).] 4[
2C. Section 2C
The Expenditure-tax Act, 1987 (35 of 1987).]
3. Section 3
The Companies (Profits) Surtax Act, 1964 (7 of 1964).
4. Section 4
The Wealth-Tax Act, 1957 (27 of 1957).
5. Section 5
The Gift-Tax Act, 1958 (18 of 1958).
6. Section 6
The Central Sales Tax Act, 1956 (74 of 1956).
7. Section 7
The Central Excises and Salt Act, 1944 (1 of 1944). 5[
7A. Section 7A
Chapter V of the Finance Act, 1994 (32 of 1994).]
8. Section 8
The Medicinal and Toilet Preparations (Excise Duties) Act, 1955 (16 of 1955).
9. Section 9
The Customs Act, 1962 (52 of 1962).
10. Section 10
The Gold (Control) Act, 1968 (45 of 1968).
11. Section 11
The Imports and Exports (Control) Act, 1947 (18 of 1947).
12. Section 12
The Foreign Exchange Regulation Act, 1947 (7 of 1947).
13. Section 13
The Foreign Exchange Regulation Act, 1973 (46 of 1973).
14. Section 14
The Capital Issues (Control) Act, 1947 (29 of 1947).
15. Section 15
The Indian Stamp Act, 1899 (2 of 1899).
16. Section 16
The Emergency Risks (Goods) Insurance Act, 1962 (62 of 1962).
17. Section 17
The Emergency Risks (Factories) Insurance Act, 1962 (63 of 1962).
18. Section 18
The Emergency Risks (Goods) Insurance Act, 1971 (50 of 1971).
19. Section 19
The Emergency Risks (Undertakings) Insurance Act, 1971 (51 of 1971).
20. Section 20
The General Insurance Business (Nationalisation) Act, 1972 (57 of 1972). 6[
21. Section 21
The Industries (Development and Regulation) Act, 1951 (65 of 1951).]