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Section98
The Finance Act, 2025

Amendment of section 127C

In force Act 7 of 2025 As on 09 Oct 2026

Act 7 of 2025 Ministry Finance Enacted 16 Aug 2025

Section 98 of the Finance Act, 2025 deals with amendment of section 127C. Amendment of section 127C. 98. In section 127C of the Customs Act, after sub-section (10), the following sub-sections shall be inserted, namely:— '(11) On and from the 1st day of April, 2025,— (a) | the provisions of sub-sections (2), (3), (4), (5), (5A), (7), (8) and (8A) shall apply to pending app The Act was enacted on 16 Aug 2025.

Amendment of section 127C.

98. In section 127C of the Customs Act, after sub-section (10), the following sub-sections shall be inserted, namely:—

'(11) On and from the 1st day of April, 2025,—

(a)the provisions of sub-sections (2), (3), (4), (5), (5A), (7), (8) and (8A) shall apply to pending applications with the modification that for the words "Settlement Commission", wherever they occur, the words "Interim Board" shall be substituted;
(b)in sub-section (3), for the words "seven days from the date of order", the words "seven days from the date of receipt of the order" shall be substituted;
(c)in sub-section (7), for the word "Bench", the words "Interim Board" shall be substituted;
(d)the provisions of sub-section (10) shall have effect as if for the words "Settlement Commission", the words "Settlement Commission or the Interim Board" had been substituted.

(12) Notwithstanding anything contained in this section, the Interim Board may, within three months from the date of its constitution under section 31A of the Central Excise Act, 1944 (1 of 1944), for the reasons to be recorded in writing, extend the time limit referred to in sub-section (8A), by such further period not exceeding twelve months from the date of such constitution.'.

Section 98, 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.

This section refers to

  1. Customs Act s. 127C Procedure on receipt of an application under section 127B

Questions about Section 98

What does Section 98 of the Finance Act deal with?

Section 98 of the Finance Act is headed "Amendment of section 127C". Amendment of section 127C. 98. In section 127C of the Customs Act, after sub-section (10), the following sub-sections shall be inserted, namely:— '(11) On and from the 1st day of April, 2025,— (a) | the provisions of sub-sections (2), (3), (4), (5), (5A), (7), (8) and (8A) shall apply to pending app

How do I find court cases under Section 98 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 98, section 98 Finance Act 2025, section 98 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 98 of the Finance Act, and has it changed?

Its own text turns on Customs Act 127C (Procedure on receipt of an application under section 127B), so none of them can safely be read on its own.

When was Section 98 of the Finance Act enacted?

Section 98 of the Finance Act, cited as Finance Act 2025 98, was enacted on 16 Aug 2025 as Act 7 of 2025. 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.