The Central Boards of Revenue Act, 1963

The Central Boards of Revenue Act, 1963 is an Indian law that provides for the constitution and functions of the Central Board of Revenue. The Act outlines the powers and duties of the Board, which include the management and collection of revenue for the Government of India. The Board is responsible for enforcing tax laws and regulations, as well as for the administration of customs and excise duties. The Act also establishes the Central Revenue Control Laboratory, which is responsible for analyzing samples of goods to ensure compliance with customs and excise laws. The Central Boards of Revenue Act, 1963 was amended in 2007 to include provisions for the creation of the Central Board of Direct Taxes and the Central Board of Excise and Customs.