Amendment of section 32K
Section 116 of the Finance Act, 2025 deals with amendment of section 32K. Amendment of section 32K. 116. In section 32K of the Central Excise Act, after sub-section (3), the following sub-section shall be inserted, namely:— "(4) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the The Act was enacted on 16 Aug 2025.
Amendment of section 32K.
116. In section 32K of the Central Excise Act, after sub-section (3), the following sub-section shall be inserted, namely:—
"(4) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".
Section 116, The Finance Act, 2025 (Act 7 of 2025).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 116
What does Section 116 of the Finance Act deal with?
Section 116 of the Finance Act is headed "Amendment of section 32K". Amendment of section 32K. 116. In section 32K of the Central Excise Act, after sub-section (3), the following sub-section shall be inserted, namely:— "(4) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the
How do I find court cases under Section 116 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 2025 116, section 116 Finance Act 2025, section 116 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 116 of the Finance Act, and has it changed?
Its own text turns on Central Excise Act 32K (Power of Settlement Commission to grant immunity from prosecution and penalty), so none of them can safely be read on its own.
When was Section 116 of the Finance Act enacted?
Section 116 of the Finance Act, cited as Finance Act 2025 116, was enacted on 16 Aug 2025 as Act 7 of 2025. It is in force as at the date shown on this page.
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