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Section40
The Finance Act, 1977

Power to exempt feature films, etc., from payment of excise duty

In force Act 11 of 1977 As on 07 Oct 2026

Act 11 of 1977 Ministry Finance Enacted 06 Aug 1977 Cited by 1 provision

Section 40 of the Finance Act, 1977 deals with power to exempt feature films, etc., from payment of excise duty. Power to exempt feature films, etc., from payment of excise duty 40. The Act was enacted on 06 Aug 1977.

Power to exempt feature films, etc., from payment of excise duty

40. (1) The Central Government may, by notification in the" Official Gazette, exempt retrospectively from a date not earlier than the 18th day of June, 1977, subject to such conditions as may be specified in the notification, cinematograph films, exposed, falling under Item No. 37 in the First Schedule to the Central Excises Act, from the whole or any part of the duty leviable thereon under that Act.

(2) The provisions of the Central Excises Act and the rules made thereunder shall apply in relation to any notification issued under subsection (1) as they apply in relation to any notification issued under rule 8 of the said rules.

[Finance (No.

2) Act, 1977]

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Section 40, The Finance Act, 1977 (Act 11 of 1977).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

  1. s. First Schedule First Schedule

Questions about Section 40

What does Section 40 of the Finance Act deal with?

Section 40 of the Finance Act is headed "Power to exempt feature films, etc., from payment of excise duty". Power to exempt feature films, etc., from payment of excise duty 40.

How do I find court cases under Section 40 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1977 40, section 40 Finance Act 1977, section 40 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 40 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

When was Section 40 of the Finance Act enacted?

Section 40 of the Finance Act, cited as Finance Act 1977 40, was enacted on 06 Aug 1977 as Act 11 of 1977. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.