{"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":"Second Schedule","heading":"Second Schedule","text":"THE SECOND SCHEDULE [See section 103(a)] In the First Schedule to the Customs Tariff Act,-- (i) | in Chapter 60, for the entry in column (4) occurring against tariff items 6004 10 00, 6004 90 00, 6006 22 00, 6006 31 00, 6006 32 00, 6006 33 00, 6006 34 00, 6006 42 00 and 6006 90 00, the entry \"20% or Rs. 115 per kg, whichever is higher\" shall be substituted; (ii) | in Chapter 85, for the entry in column (4) occurring against tariff item 8528 59 00, the entry \"20%\" shall be substituted.","html":"<p><b>THE SECOND SCHEDULE</b></p><p>[<i>See </i>section 103(<i>a</i>)]</p><p>In the First Schedule to the Customs Tariff Act,--</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in Chapter 60, for the entry in column (4) occurring against tariff items 6004 10 00, 6004 90 00, 6006 22 00, 6006 31 00, 6006 32 00, 6006 33 00, 6006 34 00, 6006 42 00 and 6006 90 00, the entry \"20% or Rs. 115 per kg, whichever is higher\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in Chapter 85, for the entry in column (4) occurring against tariff item 8528 59 00, the entry \"20%\" shall be substituted.</td></tr></table></div>","words":96,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/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."}