{"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":"Third Schedule","heading":"Third Schedule","text":"THE THIRD SCHEDULE [See section 104(ii)] In the First Schedule to the Customs Tariff Act, in Chapter 27, for heading 2709, tariff items 2709 10 00 and 2709 20 00 and the entries relating thereto, the following shall be substituted with effect from the 1st day of April, 2021, namely:–- Tariff Item | Description of goods | Unit | Rate of duty Standard | Preferential (1) | (2) | (3) | (4) | (5) \"2709 | PETROLEUM OILS AND OILS OBTAINED FROM BITUMINOUS MINERALS, CRUDE 2709 00 | -- | Petroleum oils and oils obtained from bituminous minerals, crude 2709 00 10 | --- | Petroleum crude | kg. | 5% | - 2709 00 90 | --- | Other | kg. | 5% | -\".","html":"<p>THE THIRD SCHEDULE</p><p>[<i>See </i>section 104(<i>ii</i>)]</p><p>In the First Schedule to the Customs Tariff Act, in Chapter 27, for heading 2709, tariff items 2709 10 00 and 2709 20 00 and the entries relating thereto, the following shall be substituted with effect from the 1st day of April, 2021, namely:–-</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>Tariff Item</td><td>Description of goods</td><td>Unit</td><td>Rate of duty</td></tr><tr><td></td><td></td><td></td><td>Standard</td><td>Preferential</td></tr><tr><td>(<i>1</i>)</td><td>(<i>2</i>)</td><td>(<i>3</i>)</td><td>(<i>4</i>)</td><td>(<i>5</i>)</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td></td><td>\"2709</td><td></td><td>PETROLEUM OILS AND OILS OBTAINED FROM BITUMINOUS MINERALS, CRUDE</td><td></td><td></td></tr><tr><td></td><td>2709 00</td><td>--</td><td><i>Petroleum oils and oils obtained from bituminous minerals, crude</i></td><td></td><td></td></tr><tr><td></td><td>2709 00 10</td><td>---</td><td>Petroleum crude</td><td>kg.</td><td>5%</td><td>-</td></tr><tr><td></td><td>2709 00 90</td><td>---</td><td>Other</td><td>kg.</td><td>5%</td><td>-\".</td></tr></table></div>","words":126,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2021/section/Third%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."}