{"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":"Fifth Schedule","heading":"Fifth Schedule","text":"THE FIFTH SCHEDULE [See section 145 (i)] In the Third Schedule to the Central Excise Act,— (a) | for S. Nos. 40 and 41 and the entries relating thereto, the following S. Nos. and entries shall be substituted, namely:— S. No. | Heading, sub-heading or tariff items | Description of goods (1) | (2) | (3) \"40. | 3401 | All goods 41. | 3402 | All goods\"; (b) | after S. No. 63 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:— S. No. | Heading, sub-heading or tariff items | Description of goods (1) | (2) | (3) \"63A. | 7607 | All goods\"; (c) | after S. No. 81C and the entries relating thereto, the following S. No. and entries shall be inserted, namely:— S. No. | Heading, sub-heading or tariff items | Description of goods (1) | (2) | (3) \"81D. | 8517 62 | Wrist wearable devices (commonly known as smart watches)\"; (d) | against S.No. 100, in column (3), for the words \"Parts, components and assemblies\", the words \"Parts, components, accessories and assemblies\" shall be substituted; (e) | against S.No. 100A, in column (3), for the words \"Parts, components and assemblies\", the words \"Parts, components, accessories and assemblies\" shall be substituted.","html":"

THE FIFTH SCHEDULE

[See section 145 (i)]

In the Third Schedule to the Central Excise Act,—

(a)for S. Nos. 40 and 41 and the entries relating thereto, the following S. Nos. and entries shall be substituted, namely:—
S. No.Heading, sub-heading or tariff itemsDescription of goods
(1)(2)(3)
\"40.3401All goods
41.3402All goods\";
(b)after S. No. 63 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:—
S. No.Heading, sub-heading or tariff itemsDescription of goods
(1)(2)(3)
\"63A.7607All goods\";
(c)after S. No. 81C and the entries relating thereto, the following S. No. and entries shall be inserted, namely:—
S. No.Heading, sub-heading or tariff itemsDescription of goods
(1)(2)(3)
\"81D.8517 62Wrist wearable devices (commonly known as smart watches)\";
(d)against S.No. 100, in column (3), for the words \"Parts, components and assemblies\", the words \"Parts, components, accessories and assemblies\" shall be substituted;
(e)against S.No. 100A, in column (3), for the words \"Parts, components and assemblies\", the words \"Parts, components, accessories and assemblies\" shall be substituted.
","words":213,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/Fifth%20Schedule/","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."}