INDIRECT TAXES - Finance Bill, 2025

Chapter: IV
INDIRECT TAXES
Customs
Clause 87	:	Amendment of section 18. Indirect Taxes Customs Clause 87 of the Bill seeks to amend sub-sections (1) and (1A), and to insert new sub-sections (1B) an....
Clause 88	:	Insertion of new section 18A. Clause 88 of the Bill seeks to insert a new section 18A in the Customs Act to provide for voluntary revision of entry, post c....
Clause 89	:	Amendment of section 27. Clause 89 of the Bill seeks to amend section 27 of the Customs Act so as to insert a new Explanation in sub-section (1) there....
Clause 90	:	Amendment of section 28. Clause 90 of the Bill seeks to amend section 28 of the Customs Act by inserting a new clause (ba) in the Explanation 1 of the....
Clause 91	:	Amendment of section 127A. Clause 91 of the Bill seeks to amend section 127A of the Customs Act so as to define the expressions Interim Board and pendin....
Clause 92	:	Amendment of section 127B. Clause 92 of the Bill seeks to amend section 127B of the Customs Act by inserting two provisos therein, to provide that no ap....
Clause 93	:	Amendment of section 127C. Clause 93 of the Bill seeks to amend section 127C of the Customs Act by inserting new sub-sections (11) and (12) therein, so ....
Clause 94	:	Amendment of section 127D. Clause 94 of the Bill seeks to amend section 127D of the Customs Act by inserting a new sub-section (3) therein, so as to pro....
Clause 95	:	Amendment of section 127F. Clause 95 of the Bill seeks to amend section 127F of the Customs Act by inserting a new sub-section (5) therein, to provide t....
Clause 96	:	Amendment of section 127G. Clause 96 of the Bill seeks to amend section 127G of the Customs Act so as to provide that the power of the Settlement Commis....
Clause 97	:	Amendment of section 127H. Clause 97 of the Bill seeks to amend section 127H of the Customs Act by inserting a new sub-section (3) therein, to provide t....
Customs Tariff
Clause 98	:	Amendment of First Schedule. Customs tariff Clause 98 seeks to amend the First Schedule to the Customs Tariff Act (a) in the manner specified in the Secon....
Central Excise
Clause 99	:	Amendment of section 31. Central Excise Clause 99 of the Bill seeks to amend section 31 of the Central Excise Act so as to define the expressions such....
Clause 100	:	Insertion of new section 31A. Clause 100 of the Bill seeks to insert a new section 31A in the Central Excise Act so as to provide for the constitution of o....
Clause 101	:	Amendment of section 32. Clause 101 of the Bill seeks to amend section 32 of the Central Excise Act so as to provide that the Customs, Central Excise ....
Clause 102	:	Amendment of section 32A. Clauses 102 to 105 of the Bill seeks to amend sections 32A, 32B, 32C and 32D of the Central Excise Act so as to provide that ....
Clause 103	:	Amendment of section 32B. Clauses 102 to 105 of the Bill seeks to amend sections 32A, 32B, 32C and 32D of the Central Excise Act so as to provide that ....
Clause 104	:	Amendment of section 32C. Clauses 102 to 105 of the Bill seeks to amend sections 32A, 32B, 32C and 32D of the Central Excise Act so as to provide that ....
Clause 105	:	Amendment of section 32D. Clauses 102 to 105 of the Bill seeks to amend sections 32A, 32B, 32C and 32D of the Central Excise Act so as to provide that ....
Clause 106	:	Amendment of section 32E. Clause 106 of the Bill seeks to amend section 32E so as to provide that no new application shall be made under this section o....
Clause 107	:	Amendment of section 32F. Clause 107 of the Bill seeks to insert sub-sections (11) and (12) in section 32F of the Central Excise Act so as to provide t....
Clause 108	:	Amendment of section 32G. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 109	:	Amendment of section 32-I. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 110	:	Amendment of section 32J. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 111	:	Amendment of section 32K. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 112	:	Amendment of section 32L. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 113	:	Amendment of section 32M. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 114	:	Amendment of section 32-O. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Clause 115	:	Amendment of section 32P. Clauses 108 to 115 of the Bill seek to amend sections 32G, 32-I, 32J, 32K, 32L, 32M, 32-O and 32P of the Central Excise Act s....
Central Goods and Services Tax
Clause 116	:	Amendment of section 2. Central Goods and Services Tax Clause 116 of the Bill seeks to amend section 2 of the Central Goods and Services Tax Act rela....
Clause 117	:	Amendment of section 12. Clause 117 of the Bill seeks to omit sub-section (4) of section 12 of the Central Goods and Services Tax Act so as to remove ....
Clause 118	:	Amendment of section 13. Clause 117 of the Bill seeks to omit sub-section (4) of section 12 of the Central Goods and Services Tax Act so as to remove ....
Clause 119	:	Amendment of section 17. Clause 119 of the Bill seeks to amend clause (d) of sub-section (5) of section 17 of the Central Goods and Services Tax Act s....
Clause 120	:	Amendment of section 20. Clause 120 of the Bill seeks to amend sub-section (1) of section 20 of the Central Goods and Services Tax Act so as to explic....
Clause 121	:	Amendment of section 34. Clause 121 of the Bill seeks to amend the proviso to sub-section (2) of section 34 of the Central Goods and Services Tax Act ....
Clause 122	:	Amendment of section 38. Clause 122 of the Bill seeks to amend sub-section (1) of section 38 of the Central Goods and Services Tax Act to omit the exp....
Clause 123	:	Amendment of section 39. Clause 123 of the Bill seeks to amend sub-section (1) of section 39 of the Central Goods and Services Tax Act so as to provid....
Clause 124	:	Amendment of section 107. Clause 124 of the Bill seeks to substitute the proviso to sub-section (6) of section 107 of the Central Goods and Services Ta....
Clause 125	:	Amendment of section 112. Clause 125 of the Bill seeks to insert a proviso to sub-section (8) of section 112 of Central Goods and Services Tax Act to p....
Clause 126	:	Insertion of new section 122B. Clause 126 of the Bill seeks to insert a new section 122B in the Central Goods and Services Tax Act to provide for penal prov....
Clause 127	:	Insertion of new section 148A. Clause 127 of the Bill seeks to insert a new section 148A in the Central Goods and Services Tax Act so as to provide for an e....
Clause 128	:	Amendment of Schedule III. Clause 128 of the Bill seeks to insert a new clause (aa) in paragraph 8 of Schedule III of the Central Goods and Services Tax....
Clause 129	:	No refund of tax collected. Clause 129 of the Bill seeks to clarify that no refund of the tax, already paid in respect of the aforesaid activities or tra....
Service Tax
Clause 130	:	Special provision for retrospective exemption from service tax in certain cases relating to reinsurance services provided by insurance companies under Weather Based Crop Insurance Scheme and Modified National Agricultural Insurance Scheme. Service tax Clause 130 of the Bill seeks to provide retrospective exemption from service tax to reinsurance services provided....