{"act":{"id":"finance-act-2023","short_title":"The Finance Act, 2023","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2023-2024.","act_number":"8","act_year":2023,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":181,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2023/"},"unit":"section","section":{"number":"Third Schedule","heading":"Third Schedule","text":"THE THIRD SCHEDULE [See section 135 (b)] In the First Schedule to the Customs Tariff Act,— (1) in Chapter 40, for the entry in column (4) occurring against tariff item 4011 30 00, the entry \"2.5%\" shall be substituted; (2) in Chapter 71,— (i) | for the entry in column (4) occurring against all the tariff items of heading 7106, the entry \"10%\" shall be substituted; (ii) | for the entry in column (4) occurring against tariff item 7107 00 00, the entry \"10%\" shall be substituted; (iii) | for the entry in column (4) occurring against all the tariff items of heading 7108, the entry \"10%\" shall be substituted; (iv) | for the entry in column (4) occurring against tariff item 7109 00 00, the entry \"10%\" shall be substituted; (v) | for the entry in column (4) occurring against tariff items 7110 11 10, 7110 11 20, 7110 19 00, 7110 21 00, 7110 29 00, 7110 41 00 and 7110 49 00, the entry \"10%\" shall be substituted; (vi) | for the entry in column (4) occurring against tariff item 7111 00 00, the entry \"10%\" shall be substituted; (vii) | for the entry in column (4) occurring against all the tariff items of heading 7112, the entry \"10%\" shall be substituted; (viii) | for the entry in column (4) occurring against all the tariff items of heading 7118, the entry \"10%\" shall be substituted; (3) in Chapter 88, for the entry in column (4) occurring against tariff items 8802 20 00, 8802 30 00 and 8802 40 00, the entry \"2.5%\" shall be substituted; (4) in Chapter 98,— (a) | in heading 9801, in column (2),— (i) | for item (3), the following item shall be substituted, namely:-- \"(3) Power project, other than solar power plant or solar power project\"; (ii) | in item (6), for the words \"Such other projects\", the words \"Such other projects, other than solar power plant or solar power project,\" shall be substituted; (b) | in sub-heading 9801 00, in column (2),— (i) | for item (3), the following item shall be substituted, namely:— \"(3) power project, other than solar power plant or solar power project\"; (ii) | in item (6), for the words \"such other projects\", the words \"such other projects, other than solar power plant or solar power project,\" shall be substituted; (c) | for the entry in column (2) occurring against tariff item 9801 00 13, the following entry shall be substituted, namely:— \"- - - - For power project, other than solar power plant or solar power project\"; (d) | for the entry in column (2) occurring against tariff item 9801 00 19, the following entry shall be substituted, namely:— \"- - - - For other projects, other than solar power plant or solar power project\".","html":"

THE THIRD SCHEDULE

[See section 135 (b)]

In the First Schedule to the Customs Tariff Act,—

(1) in Chapter 40, for the entry in column (4) occurring against tariff item 4011 30 00, the entry \"2.5%\" shall be substituted;

(2) in Chapter 71,—

(i)for the entry in column (4) occurring against all the tariff items of heading 7106, the entry \"10%\" shall be substituted;
(ii)for the entry in column (4) occurring against tariff item 7107 00 00, the entry \"10%\" shall be substituted;
(iii)for the entry in column (4) occurring against all the tariff items of heading 7108, the entry \"10%\" shall be substituted;
(iv)for the entry in column (4) occurring against tariff item 7109 00 00, the entry \"10%\" shall be substituted;
(v)for the entry in column (4) occurring against tariff items 7110 11 10, 7110 11 20, 7110 19 00, 7110 21 00, 7110 29 00, 7110 41 00 and 7110 49 00, the entry \"10%\" shall be substituted;
(vi)for the entry in column (4) occurring against tariff item 7111 00 00, the entry \"10%\" shall be substituted;
(vii)for the entry in column (4) occurring against all the tariff items of heading 7112, the entry \"10%\" shall be substituted;
(viii)for the entry in column (4) occurring against all the tariff items of heading 7118, the entry \"10%\" shall be substituted;

(3) in Chapter 88, for the entry in column (4) occurring against tariff items 8802 20 00, 8802 30 00 and 8802 40 00, the entry \"2.5%\" shall be substituted;

(4) in Chapter 98,—

(a)in heading 9801, in column (2),—
(i)for item (3), the following item shall be substituted, namely:--
\"(3) Power project, other than solar power plant or solar power project\";
(ii)in item (6), for the words \"Such other projects\", the words \"Such other projects, other than solar power plant or solar power project,\" shall be substituted;
(b)in sub-heading 9801 00, in column (2),—
(i)for item (3), the following item shall be substituted, namely:—
\"(3) power project, other than solar power plant or solar power project\";
(ii)in item (6), for the words \"such other projects\", the words \"such other projects, other than solar power plant or solar power project,\" shall be substituted;
(c)for the entry in column (2) occurring against tariff item 9801 00 13, the following entry shall be substituted, namely:—
\"- - - - For power project, other than solar power plant or solar power project\";
(d)for the entry in column (2) occurring against tariff item 9801 00 19, the following entry shall be substituted, namely:—
\"- - - - For other projects, other than solar power plant or solar power project\".
","words":469,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2023/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."}