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Section124
The Finance Act, 2005

Amendment of Act 23 of 2004

In force Act 18 of 2005 As on 07 Oct 2026

Act 18 of 2005 Ministry Finance Enacted 13 May 2005 Cited by 1 provision

Section 124 of the Finance Act, 2005 deals with amendment of Act 23 of 2004. Amendment of Act 23 of 2004. 124. ** ** ** (b ) in section 94, in sub-section (1), clause (a ) shall be re-lettered as clause (aa) thereof, and before clause (aa) as so re-lettered, the following clause shall be inserted, namely :— "( a) the additional duty referred to in sub-section (5) of sec­tion The Act was enacted on 13 May 2005.

Amendment of Act 23 of 2004.

124. ** ** **

(b ) in section 94, in sub-section (1), clause (a ) shall be re-lettered as clause (aa) thereof, and before clause (aa) as so re-lettered, the following clause shall be inserted, namely :—

"( a) the additional duty referred to in sub-section (5) of sec­tion 3 of the Customs Tariff Act, 1975 (51 of 1975);".

(c ) In section 98, in the Table, with effect from the 1st day of June, 2005,—

(i) against Sl. No.1, under column (3) relating to rate, for the figures and words "0.075 per cent", the figures and words "0.1 per cent" shall be substituted;

(ii) against Sl. No. 2, under column (3) relating to rate, for the figures and words "0.075 per cent", the figures and words "0.1 per cent" shall be substituted;

(iii) against Sl. No. 3, under column (3) relating to rate, for the figures and words "0.015 per cent", the figures and words "0.02 per cent" shall be substituted;

(iv) against Sl. No. 4, under column (3) relating to rate, for the figures and words "0.01 per cent", the figures and words "0.0133 per cent" shall be substituted;

(v) against Sl. No. 5, under column (3) relating to rate, for the figures and words "0.15 per cent", the figures and words "0.2 per cent" shall be substituted.

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Section 124, The Finance Act, 2005 (Act 18 of 2005).

Cross-references

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

Referred to by 1

  1. s. 39 Amendment of section 124

Questions about Section 124

What does Section 124 of the Finance Act deal with?

Section 124 of the Finance Act is headed "Amendment of Act 23 of 2004". Amendment of Act 23 of 2004. 124. ** ** ** (b ) in section 94, in sub-section (1), clause (a ) shall be re-lettered as clause (aa) thereof, and before clause (aa) as so re-lettered, the following clause shall be inserted, namely :— "( a) the additional duty referred to in sub-section (5) of sec­tion

How do I find court cases under Section 124 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 2005 124, section 124 Finance Act 2005, section 124 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 124 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

When was Section 124 of the Finance Act enacted?

Section 124 of the Finance Act, cited as Finance Act 2005 124, was enacted on 13 May 2005 as Act 18 of 2005. 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.