Amendment of Act 17 of 2013
Section 237 of the Finance Act, 2016 deals with amendment of Act 17 of 2013. PART XIV AMENDMENT TO THE FINANCE ACT, 2013 Amendment of Act 17 of 2013. The Act was enacted on 27 Jun 2016.
PART XIV
AMENDMENT TO THE FINANCE ACT, 2013
Amendment of Act 17 of 2013.
237. In the Finance Act, 2013, after section 132, the following section shall be inserted, with effect from the 1st day of June, 2016, namely:—
'132A. Chapter VII not to apply in certain cases.—Notwithstanding anything contained in this Chapter, the provisions of this Chapter shall not apply to taxable commodities transactions entered into by any person on a recognised association located in an International Financial Services Centre, where the consideration for such transaction is paid or payable in foreign currency.
Explanation.—For the purposes of this section, "International Financial Services Centre" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).'.
Section 237, 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
Questions about Section 237
What does Section 237 of the Finance Act deal with?
Section 237 of the Finance Act is headed "Amendment of Act 17 of 2013". PART XIV AMENDMENT TO THE FINANCE ACT, 2013 Amendment of Act 17 of 2013.
How do I find court cases under Section 237 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 237, section 237 Finance Act 2016, section 237 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 237 of the Finance Act, and has it changed?
Its own text turns on section 132 (Amendment of section 68), so none of them can safely be read on its own.
When was Section 237 of the Finance Act enacted?
Section 237 of the Finance Act, cited as Finance Act 2016 237, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
Other sections of this Act
- 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
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.