INDIRECT TAXES - FINANCE BILL, 2021

Chapter: IV
INDIRECT TAXES
Customs
Clause 80	:	Amendment of section 2. Clause 80 of the Bill seeks to amend section 2 of the Customs Act by inserting a new clause (7B) therein so as to define the....
Clause 81	:	Amendment of section 5. Clause 81 of the Bill seeks to make amendment in sub-section (3) of section 5 of the Customs Act so as to substitute the wor....
Clause 82	:	Amendment of section 25. Clause 82 of the Bill seeks to insert a new sub-section (4A) in section 25 of the Customs Act so as to provide that the exem....
Clause 83	:	Insertion of new section 28BB. Clause 83 of the Bill seeks to insert a new section 28BB in the Customs Act so as to provide time limit for completion of ce....
Clause 84	:	Amendment of section 46. Clause 84 of the Bill seeks to amend sub-section (3) of section 46 of the Customs Act so as to ensure mandatory filing of bi....
Clause 85	:	Amendment of section 110. Clause 85 of the Bill seeks to amend section 110 of the Customs Act and to insert a new sub-section (1D) so as to provide th....
Clause 86	:	Amendment of section 113. Clause 86 of the Bill seeks to insert a new clause (ja) in section 113 of the Customs Act so as to provide that any goods en....
Clause 87	:	Insertion of new section 114AC. Clause 87 of the Bill seeks to insert a new section 114AC in the Customs Act so as to provide penalty for fraudulent utilisa....
Clause 88	:	Amendment of section 139. Clause 88 of the Bill also seeks to make consequential amendment in the Explanation to section 139 of the Customs Act so as ....
Clause 89	:	Amendment of section 149. Clause 89 of the Bill seeks to amend section 149 of the Customs Act by inserting second and third provisos therein so as to ....
Clause 90	:	Amendment of section 153. Clause 90 of the Bill seeks to amend sub-section (1) of section 153 of the Customs Act by inserting clause (ca) therein so a....
Clause 91	:	Insertion of new section 154C. Clause 91 of the Bill seeks to insert a new section 154C in the Customs Act so as to empower the Board to notify a common po....
Customs Tariff
Clause 92	:	Amendment of section 8B. Clause 92 of the Bill seeks to amend sub-section (6) of section 8B of the Customs Tariff Act to make both conditions thereun....
Clause 93	:	Amendment of section 9. Clause 93 of the Bill seeks to amend sub-section (1A) of section 9 of the Customs Tariff Act to provide for retrospective le....
Clause 94	:	Amendment of section 9A. Clause 94 of the Bill seeks to amend sub-section (1A) of section 9A of the Customs Tariff Act to provide for retrospective l....
Clause 95	:	Amendment of First Schedule. Clause 95 of the Bill seeks to amend the First Schedule to the Customs Tariff Act, 1975, so as to (i) revise the tariff rate....
Excise
Clause 96	:	Amendment of Fourth Schedule. Clause 96 of the Bill seeks to amend the Fourth Schedule to the Central Excise Act. Sub-clause (i) of the said clause seeks ....
Clause 97	:	Amendment of Chapter 27 of Fourth Schedule. Clause 97 of the Bill seeks to amend the Fourth Schedule to the Central Excise Act so as to rectified errors in certain entr....
Clause 98	:	Revised date of effect to amendments made in Fourth Schedule vide notification issued under section 3C of Central Excise Act, 1944. Clause 98 of the Bill seeks to revise the date of effect to the amendments made in the Fourth Schedule to the Central Excise....
Central Goods and Service Tax
Clause 99	:	Amendment of section 7. Clause 99 of the Bill seeks to amend section 7 of the Central Goods and Services Tax Act, 2017, with retrospective effect fr....
Clause 100	:	Amendment of section 16. Clause 100 of the Bill seeks to amend section 16 of the Central Goods and Services Tax Act by inserting a new clause (aa) in....
Clause 101	:	Amendment of section 35. Clause 101 of the Bill seeks to omit sub-section (5) of section 35 of the Central Goods and Services Tax Act so as to remove....
Clause 102	:	Substitution of new section for section 44. Clause 102 of the Bill seeks to substitute a new section for section 44 of the Central Goods and Services Tax Act so as to r....
Clause 103	:	Amendment of section 50. Clause 103 of the Bill seeks to amend section 50 of the Central Goods and Services Tax Act to substitute the proviso to sub-....
Clause 104	:	Amendment of section 74. Clause 104 of the Bill seeks to amend section 74 of the Central Goods and Services Tax Act so as to make seizure and confisc....
Clause 105	:	Amendment of section 75. Clause 105 of the Bill seeks to amend section 75 of the Central Goods and Services Tax Act so as to insert an Explanation in....
Clause 106	:	Amendment of section 83. Clause 106 of the Bill seeks to substitute sub-section (1) of section 83 of the Central Goods and Services Tax Act so as to ....
Clause 107	:	Amendment of section 107. Clause 107 of the Bill seeks to insert a new proviso in sub-section (6) of section 107 of the Central Goods and Services Tax....
Clause 108	:	Amendment of section 129. Clause 108 of the Bill seeks to amend section 129 of the Central Goods and Services Tax Act so as to delink the proceedings ....
Clause 109	:	Amendment of section 130. Clause 109 of the Bill seeks to amend section 130 of the Central Goods and Services Tax Act, so as to delink the proceedings....
Clause 110	:	Substitution of new section for section 151. Clause 110 of the Bill seeks to substitute section 151 of the Central Goods and Services Tax Act so as to empower the jurisd....
Clause 111	:	Amendment of section 152. Clause 111 of the Bill seeks to amend sub-section (1) of section 152 of the Central Goods and Services Tax Act so as to prov....
Clause 112	:	Amendment of section 168. Clause 112 of the Bill seeks to amend section 168 of the Central Goods and Services Tax Act so as to enable the jurisdiction....
Clause 113	:	Amendment to Schedule II. Clause 113 of the Bill seeks to omit paragraph 7 of Schedule II to the Central Goods and Services Tax Act, with retrospectiv....
Integrated Goods and Services Tax
Clause 114	:	Amendment of section 16. Clause 114 of the Bill seeks to amend section 16 of the Integrated Goods and Services Tax Act, 2017 so as to make provisions....