{"act":{"id":"finance-act-2026","short_title":"The Finance Act, 2026","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2026-2027.","act_number":"4","act_year":2026,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":167,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2026/"},"unit":"section","section":{"number":"152","heading":"Amendment of First Schedule","text":"Customs Tariff Amendment of First Schedule. 152. In the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the First Schedule shall— (a) | be amended in the manner specified in the Second Schedule; (b) | be also amended in the manner specified in the Third Schedule; and (c) | with effect from the 1st day of May, 2026, be also amended in the manner specified in,— (i) | the Fourth Schedule; and (ii) | the Fifth Schedule.","html":"<p><i>Customs Tariff</i></p><p><b>Amendment of First Schedule.</b></p><p><b>152.</b> In the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the First Schedule shall—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>be amended in the manner specified in the Second Schedule;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>be also amended in the manner specified in the Third Schedule; and</td></tr><tr><td>(<i>c</i>)</td><td></td><td>with effect from the 1st day of May, 2026, be also amended in the manner specified in,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>the Fourth Schedule; and</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>the Fifth Schedule.</td></tr></table></div>","words":84,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/section/152/","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."}