SectionThird Schedule
The Finance Act, 2023

Third Schedule

In force Act 8 of 2023 As on 07 Oct 2026

Act 8 of 2023 Ministry Finance

Section Third Schedule of the Finance Act, 2023 deals with third Schedule. THE THIRD SCHEDULE [See section 135 (b)] In the First Schedule to the Customs Tariff Act,— (1) in Chapter 40, for the entry in column (4) occurring against tariff item 4011 30 00, the entry "2.5%" shall be substituted;

THE THIRD SCHEDULE

[See section 135 (b)]

In the First Schedule to the Customs Tariff Act,—

(1) in Chapter 40, for the entry in column (4) occurring against tariff item 4011 30 00, the entry "2.5%" shall be substituted;

(2) in Chapter 71,—

(i)for the entry in column (4) occurring against all the tariff items of heading 7106, the entry "10%" shall be substituted;
(ii)for the entry in column (4) occurring against tariff item 7107 00 00, the entry "10%" shall be substituted;
(iii)for the entry in column (4) occurring against all the tariff items of heading 7108, the entry "10%" shall be substituted;
(iv)for the entry in column (4) occurring against tariff item 7109 00 00, the entry "10%" shall be substituted;
(v)for the entry in column (4) occurring against tariff items 7110 11 10, 7110 11 20, 7110 19 00, 7110 21 00, 7110 29 00, 7110 41 00 and 7110 49 00, the entry "10%" shall be substituted;
(vi)for the entry in column (4) occurring against tariff item 7111 00 00, the entry "10%" shall be substituted;
(vii)for the entry in column (4) occurring against all the tariff items of heading 7112, the entry "10%" shall be substituted;
(viii)for the entry in column (4) occurring against all the tariff items of heading 7118, the entry "10%" shall be substituted;

(3) in Chapter 88, for the entry in column (4) occurring against tariff items 8802 20 00, 8802 30 00 and 8802 40 00, the entry "2.5%" shall be substituted;

(4) in Chapter 98,—

(a)in heading 9801, in column (2),—
(i)for item (3), the following item shall be substituted, namely:--
"(3) Power project, other than solar power plant or solar power project";
(ii)in item (6), for the words "Such other projects", the words "Such other projects, other than solar power plant or solar power project," shall be substituted;
(b)in sub-heading 9801 00, in column (2),—
(i)for item (3), the following item shall be substituted, namely:—
"(3) power project, other than solar power plant or solar power project";
(ii)in item (6), for the words "such other projects", the words "such other projects, other than solar power plant or solar power project," shall be substituted;
(c)for the entry in column (2) occurring against tariff item 9801 00 13, the following entry shall be substituted, namely:—
"- - - - For power project, other than solar power plant or solar power project";
(d)for the entry in column (2) occurring against tariff item 9801 00 19, the following entry shall be substituted, namely:—
"- - - - For other projects, other than solar power plant or solar power project".
Third Schedule, 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. s. 135 Amendment of First Schedule

Questions about Section Third Schedule

What does Section Third Schedule of the Finance Act deal with?

Section Third Schedule of the Finance Act is headed "Third Schedule". THE THIRD SCHEDULE [See section 135 (b)] In the First Schedule to the Customs Tariff Act,— (1) in Chapter 40, for the entry in column (4) occurring against tariff item 4011 30 00, the entry "2.5%" shall be substituted;

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

Its own text turns on section 135 (Amendment of First Schedule), so none of them can safely be read on its own.

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.