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Section116
The Finance Act, 2016

Amendment of section 2

In force As on 10 Oct 2026

Ministry Finance Enacted 27 Jun 2016

Section 116 of the Finance Act, 2016 deals with amendment of section 2. CHAPTER IV Indirect Taxes Customs Amendment of section 2 116 . The Act was enacted on 27 Jun 2016.

CHAPTER IV

Indirect Taxes

Customs

Amendment of section 2

116 . In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 2,—

(i)for clause (43), the following clause shall be substituted, namely:—
'(43) "warehouse" means a public warehouse licensed under section 57 or a private warehouse licensed under section 58 or a special warehouse licensed under section 58A;';
(ii)clause (45) shall be omitted.
Section 116, The Finance Act, 2016.

Cross-references

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

This section refers to

  1. s. 2 Income-tax
  2. s. 57 Amendment of section 115-O
  3. s. 58 Amendment of section 115QA

Questions about Section 116

What does Section 116 of the Finance Act deal with?

Section 116 of the Finance Act is headed "Amendment of section 2". CHAPTER IV Indirect Taxes Customs Amendment of section 2 116 .

How do I find court cases under Section 116 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 2016 116, section 116 Finance Act 2016, section 116 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 116 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 57 (Amendment of section 115-O), section 58 (Amendment of section 115QA), so none of them can safely be read on its own.

When was Section 116 of the Finance Act enacted?

Section 116 of the Finance Act, cited as Finance Act 2016 116, was enacted on 27 Jun 2016. 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.