{"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":"Second Schedule","heading":"-","text":"THE SECOND SCHEDULE [See section 152(a)] In the First Schedule to the Customs Tariff Act, in Chapter 66,— (i) | for the entry in column (4) occurring against tariff items 6601 91 00 and 6601 99 00, the entry \"20% or Rs. 60 per piece, whichever is higher\" shall be substituted; (ii) | for the entry in column (4) occurring against tariff items 6603 20 00, 6603 90 10 and 6603 90 90, the entry \"10% or Rs. 25 per kg., whichever is higher\" shall be substituted.","html":"<p>THE SECOND SCHEDULE</p><p>[<i>See</i> section 152(<i>a</i>)]</p><p>In the First Schedule to the Customs Tariff Act, in Chapter 66,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the entry in column (4) occurring against tariff items 6601 91 00 and 6601 99 00, the entry \"20% or Rs. 60 per piece, whichever is higher\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for the entry in column (4) occurring against tariff items 6603 20 00, 6603 90 10 and 6603 90 90, the entry \"10% or Rs. 25 per kg., whichever is higher\" shall be substituted.</td></tr></table></div>","words":87,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2026/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."}