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Section128
The Finance Act, 2023

Amendment of section 25

In force Act 8 of 2023 As on 10 Oct 2026

Act 8 of 2023 Ministry Finance Cited by 1 provision

Section 128 of the Finance Act, 2023 deals with amendment of section 25. CHAPTER IV INDIRECT TAXES CUSTOMS Amendment of section 25.

CHAPTER IV

INDIRECT TAXES

CUSTOMS

Amendment of section 25.

128. In the Customs Act, 1962 (52 of 1962)(hereinafter referred to as the Customs Act), in section 25, in sub-section (4A), after the proviso, the following proviso shall be inserted, namely:—

"Provided further that nothing contained in this sub-section shall apply to any such exemption granted to, or in relation to,—

(a)any multilateral or bilateral trade agreement;
(b)obligations under international agreements, treaties, conventions or such other obligations including with respect to United Nations agencies, diplomats and international organisations;
(c)privileges of constitutional authorities;
(d)schemes under the Foreign Trade Policy;
(e)the Central Government schemes having validity of more than two years;
(f)re-imports, temporary imports, goods imported as gifts or personal baggage;
(g)any duty of customs under any law for the time being in force, including integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), other than duty of customs leviable under section 12.".
Section 128, The Finance Act, 2023 (Act 8 of 2023).

Cross-references

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

This section refers to

  1. Customs Tariff Act s. 3 Levy of additional duty equal to excise duty, sales tax, local taxes and other charges
  2. s. 12 Amendment of section 35D
  3. s. 25 Amendment of section 54

Referred to by 1

  1. s. 1 Short title and commencement

Questions about Section 128

What does Section 128 of the Finance Act deal with?

Section 128 of the Finance Act is headed "Amendment of section 25". CHAPTER IV INDIRECT TAXES CUSTOMS Amendment of section 25.

How do I find court cases under Section 128 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 2023 128, section 128 Finance Act 2023, section 128 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 128 of the Finance Act, and has it changed?

Its own text turns on Customs Tariff Act 3 (Levy of additional duty equal to excise duty, sales tax, local taxes and other charges), section 12 (Amendment of section 35D), section 25 (Amendment of section 54), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2023 as Act 8 of 2023. 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.