{"act":{"id":"finance-act-2025","short_title":"The Finance Act, 2025","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026.","act_number":"7","act_year":2025,"enact_date":"2025-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":153,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2025/"},"unit":"section","section":{"number":"104","heading":"Amendment of section 31","text":"Central Excise Amendment of section 31. 104.  In section 31 of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excise Act),— (i) | after clause (e), the following clause shall be inserted, namely:— '(ea) \"Interim Board\" means the Interim Board for Settlement constituted under section 31A;'; (ii) | after clause (f), the following clause shall be inserted, namely:— '(fa) \"pending application\" means an application filed under section 32E before the 1st day of April, 2025 and fulfils the following conditions, namely:— (i) | it has been allowed under sub-section (1) of section 32F; and (ii) | no order under sub-section (5) of section 32F was issued on or before the 31st day of March, 2025 with respect to such application;'.","html":"<p><i>Central Excise</i></p><p><b>Amendment of section 31.</b></p><p><b>104. </b> In section 31 of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excise Act),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after clause (<i>e</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>ea</i>) \"Interim Board\" means the Interim Board for Settlement constituted under section 31A;';</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after clause (<i>f</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>fa</i>) \"pending application\" means an application filed under section 32E before the 1st day of April, 2025 and fulfils the following conditions, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>it has been allowed under sub-section (1) of section 32F; and</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>no order under sub-section (5) of section 32F was issued on or before the 31st day of March, 2025 with respect to such application;'.</td></tr></table></div>","words":126,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/104/","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."}