PART VIII
AMENDMENT TO THE FINANCE ACT, 2001
Amendment of Act 14 of 2001
228. In the Finance Act, 2001, the Seventh Schedule shall be amended,––
(i) in the manner specified in the Twelfth Schedule;
(ii) in the manner specified in the Thirteenth Schedule, with effect from the 1st day of January, 2017.
Notes on Clauses:
Clause 228 of the Bill seeks to amend the Seventh Schedule to the Finance Act, 2001, so as to amend the said Schedule,––
(a) in the manner specified in the Twelfth Schedule to align the same with the entries relating to levy of National Calamity Contingency Duty with that in the First Schedule to the Central Excise Tariff Act, 1985;
(b) in the manner specified in the Thirteenth Schedule to harmonise it with the proposed amendments in the First Schedule to the Central Excise Tariff Act, 1985. The amendment shall come into force on the 1st day of January, 2017.
