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Budget 2021-22 + FINANCE Bill, 2021
CUSTOMS
Note:
(a) “Basic Customs Duty” means the customs duty levied under the Customs Act, 1962.
(b) Clause nos. in square brackets [ ] indicate the relevant clause of the Finance Bill, 2021.
(c) Amendments carried out through the Finance Bill, 2021 will come into effect on the date of its enactment, unless otherwise specified.
Full Text:
Customs duty definition clarified under Finance Bill, with amendments generally commencing on enactment unless otherwise stated. Finance Bill, 2021 defines Basic Customs Duty as the customs duty levied under the Customs Act, 1962 and states that amendments made through the Bill will come into effect on the date of its enactment unless otherwise specified, with clause numbers shown in square brackets to indicate relevant provisions. of Press 'Enter' after typing page number.
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