{"act":{"id":"finance-act-2017","short_title":"The Finance Act, 2017","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.","act_number":null,"act_year":2017,"enact_date":"2017-04-17","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":198,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2017/"},"unit":"section","section":{"number":"89","heading":"Amendment of section 2","text":"CHAPTER IV INDIRECT TAXES Customs Amendment of section 2 89. In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 2:— (a) | after clause (3), the following clause shall be inserted, namely:— '(3A) \"beneficial owner\" means any person on whose behalf the goods are being imported or exported or who exercises effective control over the goods being imported or exported;'; (b) | in clause (13), for the words \"customs airport\", the words \"customs airport, international courier terminal, foreign post office\" shall be substituted; (c) | in clause (16), the words and figures \"in the case of goods imported or to be exported by post, the entry referred to in section 82 or\" shall be omitted; (d) | in clause (20), for the words \"any owner\", the words \"any owner, beneficial owner\" shall be substituted; (e) | after clause (20), the following clause shall be inserted, namely:— '(20A) \"foreign post office\" means any post office appointed under clause (e) of sub-section (1) of section 7 to be a foreign post office;'; (f) | in clause (26), for the words \"any owner\", the words \"any owner, beneficial owner\" shall be substituted; (g) | after clause (28), the following clause shall be inserted, namely:— '(28A) \"international courier terminal\" means any place appointed under clause (f) of sub-section (1) of section 7 to be an international courier terminal;'; (h) | after clause (30A), the following clause shall be inserted, namely:— '(30B) \"passenger name record information\" means the records prepared by an operator of any aircraft or vessel or vehicle or his authorised agent for each journey booked by or on behalf of any passenger;'.","html":"<p><strong><em>CHAPTER IV</em></strong></p><p><strong>INDIRECT TAXES</strong></p><p><em>Customs</em></p><p>Amendment of section 2</p><p><b>89.</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>a</i>)</td><td></td><td>after clause (<i>3</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>3A</i>) \"beneficial owner\" means any person on whose behalf the goods are being imported or exported or who exercises effective control over the goods being imported or exported;';</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in clause (<i>13</i>), for the words \"customs airport\", the words \"customs airport, international courier terminal, foreign post office\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in clause (<i>16</i>), the words and figures \"in the case of goods imported or to be exported by post, the entry referred to in section 82 or\" shall be omitted;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>in clause (<i>20</i>), for the words \"any owner\", the words \"any owner, beneficial owner\" shall be substituted;</td></tr><tr><td>(<i>e</i>)</td><td></td><td>after clause (<i>20</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>20A</i>) \"foreign post office\" means any post office appointed under clause (<i>e</i>) of sub-section (<i>1</i>) of section 7 to be a foreign post office;';</td></tr><tr><td>(<i>f</i>)</td><td></td><td>in clause (<i>26</i>), for the words \"any owner\", the words \"any owner, beneficial owner\" shall be substituted;</td></tr><tr><td>(<i>g</i>)</td><td></td><td>after clause (<i>28</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>28A</i>) \"international courier terminal\" means any place appointed under clause (<i>f</i>) of sub-section (<i>1</i>) of section 7 to be an international courier terminal;';</td></tr><tr><td>(<i>h</i>)</td><td></td><td>after clause (<i>30A</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>30B</i>) \"passenger name record information\" means the records prepared by an operator of any aircraft or vessel or vehicle or his authorised agent for each journey booked by or on behalf of any passenger;'.</td></tr></table></div>","words":278,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/89/","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."}