Amendment of section 28

Q: When was Section 120 of the Finance Act enacted?

Section 120 of the Finance Act, cited as Finance Act 2016 120, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

In force As on 06 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 1 provision

Section 120 of the Finance Act, 2016 deals with amendment of section 28. Amendment of section 28 120 . In the Customs Act, in section 28,— (a) | in the marginal heading, for the words "duties not levied or short-levied", the words "duties not levied or not paid or short-levied or short-paid" shall be substituted; The Act was enacted on 27 Jun 2016.

Amendment of section 28
120 . In the Customs Act, in section 28,—
(a) in the marginal heading, for the words "duties not levied or short-levied", the words "duties not levied or not paid or short-levied or short-paid" shall be substituted;
(b) in sub-section (1),—
(i) in the opening paragraph, for the words "duty has not been levied or has been short-levied", the words "duty has not been levied or not paid or has been short-levied or short- paid" shall be substituted;
(ii) in clause (a),—
(A) for the words "one year", the words "two years" shall be substituted;
(B) after the words "so levied", the words "or paid" shall be inserted;
(c) in sub-section (3), for the words "one year", the words "two years" shall be substituted;
(d) in sub-section (4),—
(i) in the opening paragraph, for the words "levied or has been short-levied", the words "levied or not paid or has been short-levied or short-paid" shall be substituted;
(ii) in the long line, for the words "so levied", the words "so levied or not paid" shall be substituted;
(e) in sub-section (5), for the words "duty has not been levied or has been short-levied", the words "duty has not been levied or not paid or has been short-levied or short-paid" shall be substituted;
(f) in sub-section (6), in item (ii), for the words "one year", the words "two years" shall be substituted;
(g) in sub-section (7), for the words "one year", the words "two years" shall be substituted;
(h) in Explanation 1, in clause (a), for the words "not levied", the words "not levied or not paid or short-levied or short-paid" shall be substituted.
Section 120, 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

s. 28 Amendment of section 47

Referred to by 1

s. 178 Application of certain provisions of Income-tax Act

Questions about Section 120

What does Section 120 of the Finance Act deal with?

Section 120 of the Finance Act is headed "Amendment of section 28". Amendment of section 28 120 . In the Customs Act, in section 28,— (a) | in the marginal heading, for the words "duties not levied or short-levied", the words "duties not levied or not paid or short-levied or short-paid" shall be substituted;

How do I find court cases under Section 120 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 120, section 120 Finance Act 2016, section 120 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 120 of the Finance Act, and has it changed?

Its own text turns on section 28 (Amendment of section 47), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 120 of the Finance Act enacted?

Section 120 of the Finance Act, cited as Finance Act 2016 120, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

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Fourth Schedule. Fourth Schedule21791 words
Eighth Schedule. Eighth Schedule19903 words
First Schedule. First Schedule8145 words
2. Income-tax3742 words
222. Insertion of new Chapter III F2100 words
70. Substitution of new section for section 1531931 words

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(a)		in the marginal heading, for the words "duties not levied or short-levied", the words "duties not levied or not paid or short-levied or short-paid" shall be substituted;
(b)		in sub-section (1),—

(i)		in the opening paragraph, for the words "duty has not been levied or has been short-levied", the words "duty has not been levied or not paid or has been short-levied or short- paid" shall be substituted;
(ii)		in clause (a),—

(A)		for the words "one year", the words "two years" shall be substituted;
(B)		after the words "so levied", the words "or paid" shall be inserted;

(c)		in sub-section (3), for the words "one year", the words "two years" shall be substituted;
(d)		in sub-section (4),—

(i)		in the opening paragraph, for the words "levied or has been short-levied", the words "levied or not paid or has been short-levied or short-paid" shall be substituted;
(ii)		in the long line, for the words "so levied", the words "so levied or not paid" shall be substituted;

(e)		in sub-section (5), for the words "duty has not been levied or has been short-levied", the words "duty has not been levied or not paid or has been short-levied or short-paid" shall be substituted;
(f)		in sub-section (6), in item (ii), for the words "one year", the words "two years" shall be substituted;
(g)		in sub-section (7), for the words "one year", the words "two years" shall be substituted;
(h)		in Explanation 1, in clause (a), for the words "not levied", the words "not levied or not paid or short-levied or short-paid" shall be substituted.