Infrastructure Cess
Section 162 of the Finance Act, 2016 deals with infrastructure Cess. CHAPTER VII Infrastructure Cess Infrastructure Cess 162. The Act was enacted on 27 Jun 2016.
CHAPTER VII
Infrastructure Cess
Infrastructure Cess
162.
(1) In the case of goods specified in the Eleventh Schedule, being goods manufactured or produced, there shall be levied and collected for the purposes of the Union, a duty of excise, to be called the Infrastructure Cess, at the rates specified in the said Schedule for the purposes of financing infrastructure projects.
(2) The cess leviable under sub-section (1), chargeable on the goods specified in the Eleventh Schedule shall be in addition to any other duties of excise chargeable on such goods under the Central Excise Act, 1944 (1 of 1944) or any other law for the time being in force.
(3) The provisions of the Central Excise Act, 1944 (1 of 1944) and the rules made thereunder, including those relating to assessment, non-levy, short-levy, refunds, interest, appeals, offences and penalties, shall, as far as may be, apply in relation to the levy and collection of the cess leviable under sub-section (1) in respect of the goods specified in the Eleventh Schedule as they apply in relation to the levy and collection of the duties of excise on such goods under the said Act or the rules, as the case may be.
(4) The cess leviable under sub-section (1) shall be for the purposes of the Union and the proceeds thereof shall not be distributed among the States.
Section 162, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 1
Questions about Section 162
What does Section 162 of the Finance Act deal with?
Section 162 of the Finance Act is headed "Infrastructure Cess". CHAPTER VII Infrastructure Cess Infrastructure Cess 162.
How do I find court cases under Section 162 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 162, section 162 Finance Act 2016, section 162 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 162 of the Finance Act, and has it changed?
1 other provision in this corpus refers back to it.
When was Section 162 of the Finance Act enacted?
Section 162 of the Finance Act, cited as Finance Act 2016 162, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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