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Section62
The Finance Act, 2018

Insertion of new sections 25A and 25B

In force Act 13 of 2018 As on 08 Oct 2026

Act 13 of 2018 Ministry Finance

Section 62 of the Finance Act, 2018 deals with insertion of new sections 25A and 25B. Insertion of new sections 25A and 25B 62.

Insertion of new sections 25A and 25B

62. In the Customs Act, after section 25, the following sections shall be inserted, namely:—

"25A. Inward processing of goods.—Where the Central Government is satisfied that it is necessary in the public interest so to do, it may, by notification, exempt such of the goods which are imported for the purposes of repair, further processing or manufacture, as may be specified therein, from the whole or any part of duty of customs leviable thereon, subject to the following conditions, namely:—

(a)the goods shall be re-exported after such repair, further processing or manufacture, as the case may be, within a period of one year from the date on which the order for clearance of the imported goods is made;
(b)the imported goods are identifiable in the export goods; and
(c)such other conditions as may be specified in that notification.

25B. Outward processing of goods.—Notwithstanding anything contained in section 20, where the Central Government is satisfied that it is necessary in the public interest so to do, it may, by notification, exempt such of the goods which are re-imported after being exported for the purposes of repair, further processing or manufacture, as may be specified therein, from the whole or any part of duty of customs leviable thereon, subject to the following conditions, namely:—

(a)the goods shall be re-imported into India after such repair, further processing or manufacture, as the case may be, within a period of one year from the date on which the order permitting clearance for export is made;
(b)the exported goods are identifiable in the re-imported goods; and
(c)such other conditions as may be specified in that notification.".
Section 62, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

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

This section refers to

  1. s. 20 Amendment of section 50C
  2. s. 25 Substitution of new section for section 80AC

Questions about Section 62

What does Section 62 of the Finance Act deal with?

Section 62 of the Finance Act is headed "Insertion of new sections 25A and 25B". Insertion of new sections 25A and 25B 62.

How do I find court cases under Section 62 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 2018 62, section 62 Finance Act 2018, section 62 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 62 of the Finance Act, and has it changed?

Its own text turns on section 20 (Amendment of section 50C), section 25 (Substitution of new section for section 80AC), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. 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.