# The Finance Act, 1990, Section 6: Amendment of section 28

- Act: The Finance Act, 1990 (Act 12 of 1990)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1990/section/6/

## Text

Amendment of section 28 6. In section 28 of the Income-tax Act,— (a) after clause (iii), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962, namely: — "(iiia) profits on sale of a licence granted under the Imports (Control) Order, 1955, made under the Imports and Exports (Control) Act, 1947 (18 of 1947);"; (b) after clause (iiia), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1967, namely: — "(iiib) cash assistance (by whatever name called) received or receivable by any person against exports under any scheme of the Government of India;"; (c) after clause (iiib), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1972, namely: — "(iiic) any duty of customs or excise, re-paid or re-payable as drawback to any person against exports under the Customs and Central Excise Duties Drawback Rules, 1971;". [Finance Act, 1990] © Copyright. Taxmann Publications Pvt. Ltd.

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