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Section161
The Finance Act, 2021

Amendment of Seventh Schedule

In force As on 07 Oct 2026

Ministry Finance Cited by 2 provisions

Section 161 of the Finance Act, 2021 deals with amendment of Seventh Schedule. PART X AMENDMENT TO THE FINANCE ACT, 2001 Amendment of Seventh Schedule.

PART X

AMENDMENT TO THE FINANCE ACT, 2001

Amendment of Seventh Schedule.

161. In the Seventh Schedule to the Finance Act, 2001 (14 of 2001),––

(a)for the brackets, words and figures "(See section 138)", the brackets, words and figures "(See section 136)" shall be substituted;
(b)after tariff item 2403 99 90 and the entries relating thereto, the following tariff items and entries shall be inserted with effect from the 1st day of January, 2022, namely:––
" 2404 11 00--containing tobacco or reconstituted tobaccoKg.25%
2404 19 00--OtherKg.25%.".
Section 161, The Finance Act, 2021.

Cross-references

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

This section refers to

  1. s. 136 Substitution of section 24
  2. s. 138 Amendment of section 26

Referred to by 2

  1. s. 2 Income-tax
  2. s. First Schedule First Schedule

Questions about Section 161

What does Section 161 of the Finance Act deal with?

Section 161 of the Finance Act is headed "Amendment of Seventh Schedule". PART X AMENDMENT TO THE FINANCE ACT, 2001 Amendment of Seventh Schedule.

How do I find court cases under Section 161 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 2021 161, section 161 Finance Act 2021, section 161 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 161 of the Finance Act, and has it changed?

Its own text turns on section 136 (Substitution of section 24), section 138 (Amendment of section 26), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2021. 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.