Amendment of Act 13 of 2021

Q: When was Section 168 of the Finance Act, 2024 (No. 2) enacted?

Section 168 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 168, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.

In force As on 07 Oct 2026

Ministry Finance Enacted 16 Aug 2024

Section 168 of the Finance Act, 2024 (No. 2) deals with amendment of Act 13 of 2021. PART XI AMENDMENT TO THE FINANCE ACT, 2021 Amendment of Act 13 of 2021. The Act was enacted on 16 Aug 2024.

PART XI
AMENDMENT TO THE FINANCE ACT, 2021
Amendment of Act 13 of 2021.
168. In the Finance Act, 2021,—
(a) in section 124, for sub-section (5), the following sub-section shall be substituted, namely:—
"(5) The provisions of the Customs Act, 1962 (52 of 1962) and all rules and regulations made thereunder, including but not limited to those relating to the date for determination of rate of duty, assessment, non-levy, short-levy, refunds, exemptions, interest, recovery, appeals, offences and penalties shall, as far as may be, apply in relation to the levy and collection of the Agriculture Infrastructure and Development Cess on imported goods as they apply in relation to the levy and collection of duties of customs on such goods under that Act or all rules or regulations made thereunder, as the case may be.";
(b) in section 125, for sub-section (4), the following sub-section shall be substituted, namely:—
"(4) The provisions of the Central Excise Act, 1944 (1 of 1944) and all rules and regulations made thereunder, including but not limited to those relating to the date for determination of rate of duty, assessment, non-levy, short-levy, refunds, exemptions, interest, recovery, appeals, offences and penalties shall, as far as may be, apply in relation to the levy and collection of the cess leviable under this section in respect of scheduled goods as they apply in relation to the levy and collection of duties of excise on such goods under that Act or all rules or regulations made thereunder, as the case may be.".
Section 168, The Finance Act, 2024 (No. 2).

Cross-references

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

This section refers to

Questions about Section 168

What does Section 168 of the Finance Act, 2024 (No. 2) deal with?

Section 168 of the Finance Act, 2024 (No. 2) is headed "Amendment of Act 13 of 2021". PART XI AMENDMENT TO THE FINANCE ACT, 2021 Amendment of Act 13 of 2021.

How do I find court cases under Section 168 of the Finance Act, 2024 (No. 2)?

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, 2024 (No. 2) 168, section 168 Finance Act, 2024 (No. 2), section 168 of the Finance Act, 2024 (No. 2). 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 168 of the Finance Act, 2024 (No. 2), and has it changed?

Its own text turns on section 124 (Amendment of section 39), section 125 (Amendment of section 49), so none of them can safely be read on its own.

When was Section 168 of the Finance Act, 2024 (No. 2) enacted?

Section 168 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 168, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. -10716 words
2. Income-tax9063 words
49. Substitution of new Chapter for Chapter XIV-B4593 words
Fourth Schedule. -1864 words
138. Insertion of section 74A1329 words
89. Definitions889 words

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(a)		in section 124, for sub-section (5), the following sub-section shall be substituted, namely:—
		"(5) The provisions of the Customs Act, 1962 (52 of 1962) and all rules and regulations made thereunder, including but not limited to those relating to the date for determination of rate of duty, assessment, non-levy, short-levy, refunds, exemptions, interest, recovery, appeals, offences and penalties shall, as far as may be, apply in relation to the levy and collection of the Agriculture Infrastructure and Development Cess on imported goods as they apply in relation to the levy and collection of duties of customs on such goods under that Act or all rules or regulations made thereunder, as the case may be.";
(b)		in section 125, for sub-section (4), the following sub-section shall be substituted, namely:—
		"(4) The provisions of the Central Excise Act, 1944 (1 of 1944) and all rules and regulations made thereunder, including but not limited to those relating to the date for determination of rate of duty, assessment, non-levy, short-levy, refunds, exemptions, interest, recovery, appeals, offences and penalties shall, as far as may be, apply in relation to the levy and collection of the cess leviable under this section in respect of scheduled goods as they apply in relation to the levy and collection of duties of excise on such goods under that Act or all rules or regulations made thereunder, as the case may be.".