Definition of agricultural commodities updated; amendment lists specific commodities for commodities transaction tax classification. The amendment substitutes rule 3 to define agricultural commodities for clause (7) of section 116 of the Finance Act, 2013 by providing an enumerated list of specific commodities - cereals, pulses, oilseeds, spices, fibres, seeds and related products - to be treated as agricultural commodities for commodities transaction tax purposes.
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Provisions expressly mentioned in the judgment/order text.
Definition of agricultural commodities updated; amendment lists specific commodities for commodities transaction tax classification.
The amendment substitutes rule 3 to define agricultural commodities for clause (7) of section 116 of the Finance Act, 2013 by providing an enumerated list of specific commodities - cereals, pulses, oilseeds, spices, fibres, seeds and related products - to be treated as agricultural commodities for commodities transaction tax purposes.
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