{"act":{"id":"finance-act-2024-no-2","short_title":"The Finance Act, 2024 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":null,"act_year":2024,"enact_date":"2024-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":174,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/"},"unit":"section","section":{"number":"100","heading":"Amendment of section 28DA","text":"CHAPTER V INDIRECT TAXES Customs Amendment of section 28DA. 100. In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 28DA,— (a) | in sub-section (2) and clauses (ii), (iii) and (iv) of sub-section (10), for the word \"certificate\", the word \"proof\" shall be substituted; (b) | in Chapter V-AA, in the Explanation,— (i) | for clause (a), the following clause shall be substituted, namely:— '(a) \"proof of origin\" means a certificate or declaration issued in accordance with a trade agreement certifying or declaring, as the case may be, that the goods fulfil the country of origin criteria and other requirements specified in the said agreement;'; (ii) | for clause (c), the following clause shall be substituted, namely:— '(c) \"Issuing Authority\" means an authority or person designated for the purposes of issuing proof of origin under a trade agreement;'.","html":"<p>CHAPTER V</p><p><b>INDIRECT TAXES</b></p><p><i>Customs</i></p><p><b>Amendment of section 28DA.</b></p><p><b>100.</b> In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 28DA,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (2) and clauses (<i>ii</i>), (<i>iii</i>) and (<i>iv</i>) of sub-section (10), for the word \"certificate\", the word \"proof\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in Chapter V-AA, in the <i>Explanation</i>,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for clause (<i>a</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>a</i>) \"proof of origin\" means a certificate or declaration issued in accordance with a trade agreement certifying or declaring, as the case may be, that the goods fulfil the country of origin criteria and other requirements specified in the said agreement;';</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for clause (<i>c</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>c</i>) \"Issuing Authority\" means an authority or person designated for the purposes of issuing proof of origin under a trade agreement;'.</td></tr></table></div>","words":146,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/100/","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."}