# The Finance Act, 2021, Section 101: Amendment of section 8B

- Act: The Finance Act, 2021
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/101/

## Text

Customs Tariff Amendment of section 8B. 101. In the Customs Tariff Act, 1975 (51 of 1975.) (hereinafter referred to as the Customs Tariff Act), in section 8B, in sub-section (6),–– (i) | in clause (i), for the word "unit;", the words "unit; or" shall be substituted; (ii) | for the Explanation, the following Explanation shall be substituted, namely:— 'Explanation.––For the purposes of this sub-section,— (a) | the expression "hundred per cent. export-oriented undertaking" shall have the same meaning as assigned to it in clause (i) of Explanation 2 to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944); (b) | the expression "special economic zone" shall have the same meaning as assigned to it in clause (za) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).'.

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