{"act":{"id":"finance-act-2021","short_title":"The Finance Act, 2021","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2021-2022.","act_number":null,"act_year":2021,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":180,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2021/"},"unit":"section","section":{"number":"161","heading":"Amendment of Seventh Schedule","text":"PART X AMENDMENT TO THE FINANCE ACT, 2001 Amendment of Seventh Schedule. 161. In the Seventh Schedule to the Finance Act, 2001 (14 of 2001),–– (a) | for the brackets, words and figures \"(See section 138)\", the brackets, words and figures \"(See section 136)\" shall be substituted; (b) | after tariff item 2403 99 90 and the entries relating thereto, the following tariff items and entries shall be inserted with effect from the 1st day of January, 2022, namely:–– \" 2404 11 00 | -- | containing tobacco or reconstituted tobacco | Kg. | 25% 2404 19 00 | -- | Other | Kg. | 25%.\".","html":"<p>PART X</p><p>AMENDMENT TO THE FINANCE ACT, 2001</p><p><b>Amendment of Seventh Schedule.</b></p><p><b>161. </b>In the Seventh Schedule to the Finance Act, 2001 (14 of 2001),––</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>for the brackets, words and figures \"(<i>See </i>section 138)\", the brackets, words and figures \"(<i>See </i>section 136)\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after tariff item 2403 99 90 and the entries relating thereto, the following tariff items and entries shall be inserted with effect from the 1st day of January, 2022, namely:––</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td></td><td>\" 2404 11 00</td><td>--</td><td>containing tobacco or reconstituted tobacco</td><td>Kg.</td><td>25%</td></tr><tr><td></td><td>2404 19 00</td><td>--</td><td>Other</td><td>Kg.</td><td>25%.\".</td></tr></table></div>","words":106,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2021/section/161/","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."}