Amendment of section 127C
Section 131 of the Finance Act, 2023 deals with amendment of section 127C. Amendment of section 127C. 131. In the Customs Act, in section 127C, after sub-section (8), the following sub-section shall be inserted, namely:— "(8A) The order under sub-section (5) shall be passed within a period of nine months from the last day of the month in which the application under section
Amendment of section 127C.
131. In the Customs Act, in section 127C, after sub-section (8), the following sub-section shall be inserted, namely:—
"(8A) The order under sub-section (5) shall be passed within a period of nine months from the last day of the month in which the application under section 127B is made, and if, no order is passed within the said period, the settlement proceedings shall abate, and the adjudicating authority before whom the proceeding at the time of making the application was pending shall dispose of the application in accordance with the provisions of this Act as if no application under the said section had been made:
Provided that the period specified under this sub-section may, for reasons to be recorded in writing, be extended by the Settlement Commission for a further period not exceeding three months:
Provided further that in respect of any application pending under sub-section (5) as on the date on which the Finance Bill, 2023 receives the assent of the President, the said period of nine months shall be reckoned from the date on which the said Finance Bill receives the assent of the President.".
Section 131, 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.
Referred to by 2
Questions about Section 131
What does Section 131 of the Finance Act deal with?
Section 131 of the Finance Act is headed "Amendment of section 127C". Amendment of section 127C. 131. In the Customs Act, in section 127C, after sub-section (8), the following sub-section shall be inserted, namely:— "(8A) The order under sub-section (5) shall be passed within a period of nine months from the last day of the month in which the application under section
How do I find court cases under Section 131 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 131, section 131 Finance Act 2023, section 131 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 131 of the Finance Act, and has it changed?
2 other provisions in this corpus refer 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
- First Schedule. First Schedule10190 words
- 2. Income-tax8337 words
- Fourth Schedule. Fourth Schedule6615 words
- 5. Amendment of section 102717 words
- 150. Substitution of new section for section 1101621 words
- 54. Insertion of new section 115BAE1218 words
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