{"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":"Second Schedule","heading":"Second Schedule","text":"THE SECOND SCHEDULE [See section 104(i)] In the First Schedule to the Customs Tariff Act,- (1) | in Chapter 28, for the entry in column (4) occurring against tariff item 2803 00 10, the entry \"7.5%\" shall be substituted; (2) | in Chapter 39, for the entry in column (4) occurring against all the tariff items of heading 3925, the entry \"15%\" shall be substituted; (3) | in Chapter 70, for the entry in column (4) occurring against all the tariff items of heading 7007, the entry \"15%\" shall be substituted; (4) | in Chapter 71, for the entry in column (4) occurring against tariff item 7104 90 90, the entry \"15%\" shall be substituted; (5) | in Chapter 84,–– (i) | for the entry in column (4) occurring against tariff item 8414 30 00, the entry \"15%\" shall be substituted; (ii) | for the entry in column (4) occurring against all the tariff items of sub-heading 8414 40, the entry \"15%\" shall be substituted; (iii) | for the entry in column (4) occurring against all the tariff items of sub-heading 8414 80, the entry \"15%\" shall be substituted; (6) | in Chapter 85,–– (i) | for the entry in column (4) occurring against all the tariff items of sub-heading 8501 10, the entry \"15%\" shall be substituted; (ii) | for the entry in column (4) occurring against tariff item 8501 20 00, the entry \"15%\" shall be substituted; (iii) | for the entry in column (4) occurring against all the tariff items of sub-headings 8501 31, 8501 32, 8501 33, 8501 34, 8501 40, 8501 51, 8501 52 and 8501 53, the entry \"15%\" shall be substituted; (iv) | for the entry in column (4) occurring against tariff item 8504 90 90, the entry \"15%\" shall be substituted; (v) | for the entry in column (4) occurring against tariff items 8512 90 00, 8536 41 00 and 8536 49 00, the entry \"15%\" shall be substituted; (vi) | for the entry in column (4) occurring against all the tariff items of heading 8537, the entry \"15%\" shall be substituted; (vii) | for the entry in column (4) occurring against tariff item 8544 30 00, the entry \"15%\" shall be substituted; (7) | in Chapter 90,–– (i) | for the entry in column (4) occurring against tariff item 9031 80 00, the entry \"15%\" shall be substituted; (ii) | for the entry in column (4) occurring against all the tariff items of sub-heading 9032 89, the entry \"15%\" shall be substituted; (8) | in Chapter 91, for the entry in column (4) occurring against tariff item 9104 00 00, the entry \"15%\" shall be substituted.","html":"

THE SECOND SCHEDULE

[See section 104(i)]

In the First Schedule to the Customs Tariff Act,-

(1)in Chapter 28, for the entry in column (4) occurring against tariff item 2803 00 10, the entry \"7.5%\" shall be substituted;
(2)in Chapter 39, for the entry in column (4) occurring against all the tariff items of heading 3925, the entry \"15%\" shall be substituted;
(3)in Chapter 70, for the entry in column (4) occurring against all the tariff items of heading 7007, the entry \"15%\" shall be substituted;
(4)in Chapter 71, for the entry in column (4) occurring against tariff item 7104 90 90, the entry \"15%\" shall be substituted;
(5)in Chapter 84,––
(i)for the entry in column (4) occurring against tariff item 8414 30 00, the entry \"15%\" shall be substituted;
(ii)for the entry in column (4) occurring against all the tariff items of sub-heading 8414 40, the entry \"15%\" shall be substituted;
(iii)for the entry in column (4) occurring against all the tariff items of sub-heading 8414 80, the entry \"15%\" shall be substituted;
(6)in Chapter 85,––
(i)for the entry in column (4) occurring against all the tariff items of sub-heading 8501 10, the entry \"15%\" shall be substituted;
(ii)for the entry in column (4) occurring against tariff item 8501 20 00, the entry \"15%\" shall be substituted;
(iii)for the entry in column (4) occurring against all the tariff items of sub-headings 8501 31, 8501 32, 8501 33, 8501 34, 8501 40, 8501 51, 8501 52 and 8501 53, the entry \"15%\" shall be substituted;
(iv)for the entry in column (4) occurring against tariff item 8504 90 90, the entry \"15%\" shall be substituted;
(v)for the entry in column (4) occurring against tariff items 8512 90 00, 8536 41 00 and 8536 49 00, the entry \"15%\" shall be substituted;
(vi)for the entry in column (4) occurring against all the tariff items of heading 8537, the entry \"15%\" shall be substituted;
(vii)for the entry in column (4) occurring against tariff item 8544 30 00, the entry \"15%\" shall be substituted;
(7)in Chapter 90,––
(i)for the entry in column (4) occurring against tariff item 9031 80 00, the entry \"15%\" shall be substituted;
(ii)for the entry in column (4) occurring against all the tariff items of sub-heading 9032 89, the entry \"15%\" shall be substituted;
(8)in Chapter 91, for the entry in column (4) occurring against tariff item 9104 00 00, the entry \"15%\" shall be substituted.
","words":445,"text_source":"published","text_from":null},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2021/section/Second%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."}