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Section101
The Finance Act, 2017

Amendment of section 47

In force As on 05 Oct 2026

Ministry Finance Enacted 17 Apr 2017

Section 101 of the Finance Act, 2017 deals with amendment of section 47. Amendment of section 47 101. In the Customs Act, in section 47, in sub-section (2), for the portion beginning with the words "Where the importer fails to pay" and ending with the words "in the Official Gazette", the following shall be substituted, namely:— "The importer shall pay the import duty— (a The Act was enacted on 17 Apr 2017.

Amendment of section 47

101. In the Customs Act, in section 47, in sub-section (2), for the portion beginning with the words "Where the importer fails to pay" and ending with the words "in the Official Gazette", the following shall be substituted, namely:—

"The importer shall pay the import duty—

(a)on the date of presentation of the bill of entry in the case of self- assessment; or
(b)within one day (excluding holidays) from the date on which the bill of entry is returned to him by the proper officer for payment of duty in the case of assessment, reassessment or provisional assessment; or
(c)in the case of deferred payment under the proviso to sub-section (1), from such due date as may be specified by rules made in this behalf,

and if he fails to pay the duty within the time so specified, he shall pay interest on the duty not paid or short-paid till the date of its payment, at such rate, not less than ten per cent. but not exceeding thirty-six per cent. per annum, as may be fixed by the Central Government, by notification in the Official Gazette.".

Section 101, The Finance Act, 2017.

Cross-references

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

This section refers to

  1. s. 47 Amendment of section 115JB

Questions about Section 101

What does Section 101 of the Finance Act deal with?

Section 101 of the Finance Act is headed "Amendment of section 47". Amendment of section 47 101. In the Customs Act, in section 47, in sub-section (2), for the portion beginning with the words "Where the importer fails to pay" and ending with the words "in the Official Gazette", the following shall be substituted, namely:— "The importer shall pay the import duty— (a

How do I find court cases under Section 101 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 2017 101, section 101 Finance Act 2017, section 101 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 101 of the Finance Act, and has it changed?

Its own text turns on section 47 (Amendment of section 115JB), so none of them can safely be read on its own.

When was Section 101 of the Finance Act enacted?

Section 101 of the Finance Act, cited as Finance Act 2017 101, was enacted on 17 Apr 2017. 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.