{"act":{"id":"finance-act-2016","short_title":"The Finance Act, 2016","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2016-2017.","act_number":null,"act_year":2016,"enact_date":"2016-06-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":276,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2016/"},"unit":"section","section":{"number":"116","heading":"Amendment of section 2","text":"CHAPTER IV Indirect Taxes Customs Amendment of section 2 116 . In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 2,— (i) | for clause (43), the following clause shall be substituted, namely:— '(43) \"warehouse\" means a public warehouse licensed under section 57 or a private warehouse licensed under section 58 or a special warehouse licensed under section 58A;'; (ii) | clause (45) shall be omitted.","html":"<p>CHAPTER IV</p><p><b>Indirect Taxes</b></p><p><i>Customs</i></p><p><b> Amendment of section 2 </b></p><p><b> 116 </b>. In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 2,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for clause (<i>43</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>43</i>) \"warehouse\" means a public warehouse licensed under section 57 or a private warehouse licensed under section 58 or a special warehouse licensed under section 58A;';</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>clause (<i>45</i>) shall be omitted.</td></tr></table></div>","words":74,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/116/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}