Clause 188 - Amendment of Tenth Schedule . - FINANCE BILL, 2015

PART XIII

AMENDMENT TO THE FINANCE ACT, 2010

Amendment of Tenth Schedule .

188. In the Finance Act, 2010, in the Tenth Schedule, for the entry in column (4) occurring against all the headings, the entry “Rs. 300 per tonne” shall be substituted.

 

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Declaration under the Provisional Collection of Taxes Act, 1931

It is hereby declared that it is expedient in the public interest that the provisions of clauses 89, 90, 103, 104, 163, 164 and 188 of this Bill shall have immediate effect under the Provisional Collection of Taxes Act, 1931 (16 of 1931).

 

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Notes on Clauses:

Clause 188 of the Bill seeks to amend the Tenth Schedule to the Finance Act, 2010, so as to increase the rate of Clean Energy Cess on coal, lignite and peat from “Rs. 100 per tonne” to “Rs. 300 per tonne”.