MINISTRY OF LAW AND JUSTICE
(Legislative Department)

New Delhi, the 30th March, 2026/Chaitra 9, 1948 (Saka)

The following Act of Parliament received the assent of the President on the 30th March, 2026 and is hereby published for general information:—

THE FINANCE ACT, 2026
(NO. 4 OF 2026)

[30th March, 2026]

An Act to give effect to the financial proposals of the Central Government for the financial year 2026-27.

BE it enacted by Parliament in the Seventy-seventh Year of the Republic of India as follows:—

CHAPTER I
“PRELIMINARY”

Short title and commencement.

1. (1) This Act may be called the Finance Act, 2026.

(2) Save as otherwise provided in this Act,-

(a) sections 2 to 129, clause (b) of section 152 and section 156 shall come into force on the 1st day of April, 2026;

(b) sections 153 to 155 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

CHAPTER V
INDIRECT TAXES
Customs

Amendment of section 1.

145. In the Customs Act, 1962 (hereinafter referred to as the Customs Act), in section 1, in sub-section (2), after the words “whole of India”, the words “, fishing and fishing related activities by Indian-flagged fishing vessels beyond territorial waters of India” shall be inserted.

Amendment of section 2.

146. In section 2 of the Customs Act, clause (28A) shall be renumbered as clause (28B) thereof and before clause (28B) as so renumbered, the following clause shall be inserted, namely:-

‘(28A) “Indian-flagged fishing vessel” means a vessel which is used or intended to be used for the purpose of fishing in the seas and entitled to fly the flag of India;’.

Amendment of section 28.

147. In section 28 of the Customs Act, in sub-section (6), in clause (i), for the words “be deemed to be conclusive as to the matters stated therein”, the words, brackets and figure “, be deemed to be conclusive as to the matters stated therein and penalty so paid under sub-section (5), on determination under this sub-section, shall also be deemed to be a charge for non-payment of duty” shall be substituted.

Amendment of section 28J.

148. In the Customs Act, in section 28J, in sub-section (2),—

(a) for the words “three years”, the words “five years” shall be substituted;

(b) for the proviso, the following proviso shall be substituted, namely:—

“Provided that in respect of any advance ruling in force on the date on which the Finance Bill, 2026 receives the assent of the President, the Authority shall, upon a request by the applicant, extend the validity for five years from the date of the ruling.”

Insertion of new section 56A.

149. After section 56 of the Customs Act, the following section shall be inserted, namely:-

Special provision for fishing and fishing related activities.

“56A. (1) Notwithstanding anything contained in this Act or in any other law for the time being in force, fish harvested by an Indian-flagged fishing vessel beyond territorial waters of India,–

(a) may be brought into India free of duty;

(b) that has landed at foreign port may be treated as export of goods,

in such manner and subject to such conditions as may be provided by rules.

(2) The Board may make regulations providing for the form and manner of making an entry in respect of fish harvested including its declaration, custody, examination, assessment of duty, clearance, transit or transhipment.”.

150. In the Customs Act, for section 67, the following section shall be substituted, namely:-

new section for section 67.

“67. The owner of any warehoused goods may remove them from one warehouse to another, subject to such conditions as may be prescribed.”.

Removal of goods from one warehouse to another. Amendment of section 84.

151. In section 84 of the Customs Act, in clause (b), for the words “the examination”, the words “the custody, examination” shall be substituted.

Customs Tariff

Amendment of First Schedule.

152. In the Customs Tariff Act, 1975 (hereinafter referred to as the Customs Tariff Act), the First Schedule shall-

(a) be amended in the manner specified in the Second Schedule;

(b) be also amended in the manner specified in the Third Schedule; and

(c) with effect from the 1st day of May, 2026, be also amended in the manner specified in,—

(i) the Fourth Schedule; and

(ii) the Fifth Schedule

Central Goods and Services Tax

Amendment of section 15.

153. In the Central Goods and Services Tax Act, 2017, (hereinafter referred to as the Central Goods and Services Tax Act), in section 15, in sub-section (3), for clause (b), the following clause shall be substituted, namely:-

“(b) after the supply has been effected, if for such discount, a credit note has been issued by the supplier and input tax credit as is attributable to such discount has been reversed by the recipient of the supply, in accordance with the provisions of section 34.”.

Amendment of section 34.

154. In section 34 of the Central Goods and Services Tax Act, in sub-section (1), after the words “both supplied are found to be deficient”, the words, brackets, letter and figures “or where a discount referred to in clause (b) of sub-section (3) of section 15 is given” shall be inserted.

Amendment of section 54.

155. In section 54 of the Central Goods and Services Tax Act,-

(a) in sub-section (6), after the words “supply of goods or services or both”, the words, brackets and figures “or of unutilised input tax credit allowed under clause (ii) of the first proviso to sub-section (3)” shall be inserted;

(b) in sub-section (14), after the words, brackets and figures “sub-section (5) or sub-section (6)”, the words “, other than cases where refund of tax is claimed on account of goods exported out of India with payment of tax,” shall be inserted

Amendment of section 101A.

156. In section 101A of the Central Goods and Services Tax Act, after sub-section (1), the following sub-section shall be inserted, namely:-

‘(1A) Notwithstanding anything contained in sub-section (1), till the National Appellate Authority is constituted under that sub-section, the Government, may on the recommendations of the Council, by notification, empower any existing Authority constituted under any law for the time being in force to hear appeals made under section 101B and in such case,-

(a) the provisions of sub-sections (2) to (13) shall not apply; and

(b) any reference to the National Appellate Authority under this Chapter shall be construed as a reference to such Authority.

Explanation.-For the purposes of this sub-section, the expression “existing Authority” shall include a Tribunal.’.

Integrated Goods and Services Tax

Amendment of section 13.

157. In section 13 of the Integrated Goods and Services Tax Act, 2017, in sub-section (8), clause (b) shall be omitted.

CHAPTER VI
MISCELLANEOUS
PART I
AMENDMENT TO THE FINANCE ACT, 2001

Amendment of Seventh Schedule to Act 14 of 2001.

158. In the Finance Act, 2001, the Seventh Schedule shall be amended in the manner specified in the Sixth Schedule, with effect from the 1st day of May, 2026.

PART II

AMENDMENTS TO THE FINANCE (NO. 2) ACT, 2004

Amendment of Act 23 of 2004.

159. In the Finance (No. 2) Act, 2004, in section 98, in the Table, against serial number 4,-

(i) against entry (a) relating to sale of an option in securities, in column (3), for the figures and word “0.1 per cent.”, the figures and word “0.15 per cent.” shall be substituted;

(ii) against entry (b) relating to sale of an option in securities, where option is exercised, in column (3), for the figures and word “0.125 per cent.”, the figures and word “0.15 per cent.” shall be substituted;

(iii) against entry (c) relating to sale of a futures in securities, in column (3), for the figures and word “0.02 per cent.”, the figures and word “0.05 per cent.” shall be substituted.

THE SECOND SCHEDULE

[See section 152 (a)]

In the First Schedule to the Customs Tariff Act, in Chapter 66,–

(i) for the entry in column (4) occurring against tariff items 6601 91 00 and 6601 99 00, the entry “20% or Rs. 60 per piece, whichever is higher” shall be substituted;

(ii) for the entry in column (4) occurring against tariff items 6603 20 00, 6603 90 10 and 6603 90 90, the entry “10% or Rs. 25 per kg., whichever is higher” shall be substituted.

THE THIRD SCHEDULE

[See section 152(b)]

In the First Schedule to the Customs Tariff Act, in Chapter 98, for the entry in column (4) occurring against all the tariff items of heading 9804, the entry “10%” shall be substituted.

THE FOURTH SCHEDULE

[See section 152(c)(i)]

In the First Schedule to the Customs Tariff Act,-

Tariff Item Description of goods Unit Rate of duty
Standard Preferential
(1) (2) (3) (4) (5)

(1) in Chapter 3, in heading 0306, for tariff item 0306 19 00 and the entries relating thereto, the following shall be substituted, namely:—

“0306 19 -- Other :      
0306 19 10 --- Krill kg. 15% -
306 19 90 --- Other kg. 30% -";

(i) in heading 0802, for tariff item 0802 99 00 and the entries relating thereto, the following shall be substituted, namely:—

“0802 99 -- Other :      
0802 99 10 --- Pecan nuts kg. 30% 90%
0802 99 90 --- Other kg. 100% 90%";

(ii) in heading 0810, for tariff item 0810 40 00 and the entries relating thereto, the following shall be substituted, namely:—

“0810 40 - Cranberries, bilberries and other fruits of the genus Vaccinium :      
0810 40 10 --- Cranberries kg. 10% 20%
0810 40 20 --- Blueberries kg. 10% 20%
0810 40 90 --- Other kg. 30% 20%";

(iii) in heading 0811, for tariff items 0811 90 10 to 0811 90 90 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Containing added sugar :      
0811 90 11 ---- Cranberries kg. 10% 20%
0811 90 12 ---- Blueberries kg. 10% 20%
0811 90 19 ---- Other kg. 10% 20%
  --- Other:      
0811 90 91 ---- Cranberries kg. 10% 20%
0811 90 92 ---- Blueberries kg. 10% 20%
0811 90 99 ---- Other kg. 30% 20%";

(iv) in heading 0813, after tariff item 0813 40 20 and the entries relating thereto, the following shall be inserted, namely:—

“0813 40 30 --- Cranberries kg. 10% 20%
0813 40 40 --- Blueberries kg. 10% 20%";

(3) in Chapter 12, in heading 1207, after tariff item 1207 99 40 and the entries relating thereto, the following shall be inserted, namely:—

"1207 99 50 --- Shea nuts kg. 15% 20%";

(4) in Chapter 13, in heading 1302, for tariff items 1302 19 19 to 1302 19 30 and the entries relating thereto, the following shall be substituted, namely:—

“1302 19 21 ---- Of Withania somnifera kg. 30% -
1302 19 22 ---- Of Bacopa monnieri kg. 30% -
1302 19 23 ---- Of Berberis aristata kg. 30% -
1302 19 24 ---- Of Boswellia serrata kg. 30% -
1302 19 25 ---- Of Emblica officinalis kg. 30% -
1302 19 26 ---- Of Ocimum sanctum kg. 30% -
1302 19 27 ---- Of Capsicum annuum kg. 30% -
1302 19 28 ---- Of Phaseolus vulgaris kg. 30% -
1302 19 31 ---- Of Piper nigrum kg. 30% -
1302 19 32 ---- Of Pterocarpus marsupium kg. 30% -
1302 19 33 ---- Of Punica granatum kg. 30% -
1302 19 34 ---- Of Salacia reticulata kg. 30% -
1302 19 35 ---- Of Tagetes erecta kg. 30% -
1302 19 36 ---- Of Terminalia bellirica kg. 30% -
1302 19 37 ---- Of Curcuma longa kg. 30% -
1302 19 38 ---- Of Zingiber officinale kg. 30% -
1302 19 39 ---- Other kg. 30% -
1302 19 50 --- Cashew shell liquid (CNSL), crude kg. 30% -
1302 19 60 --- Purified and distilled CNSL (Cardanol) kg. 30% -";

(5) in Chapter 20, in heading 2008,-

(i) for tariff item 2008 93 00 and the entries relating thereto, the following shall be substituted, namely:—

“2008 93 -- Cranberries (Vaccinium macrocarpon, Vaccinium oxycoccos); lingonberries (Vaccinium vitis-idaea):      
2008 93 10 --- Cranberries (Vaccinium macrocarpon, Vaccinium oxycoccos) kg. 5% -
2008 93 90 --- Other kg. 30% -";

(ii) after tariff item 2008 99 14 and the entries relating thereto, the following shall be inserted, namely:—

“2008 99 15 ---- Blueberries kg. 10% -";

(iii) after tariff item 2008 99 94 and the entries relating thereto, the following shall be inserted, namely:—

“2008 99 95 ---- Blueberries kg. 10% -";

(6) in Chapter 21, in heading 2106, for tariff item 2106 90 50 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Compound preparations for making beverages:      
2106 90 51 ---- Compound alcoholic preparations of a kind used for the manufacture of beverages, of an alcoholic strength by volume exceeding 0.5% vol., determined at 20ºC kg. 150% -
2106 90 59 --- Other kg. 50% -";

(7) in Chapter 22, in heading 2202, for tariff items 2202 99 20 to 2202 99 90 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Fruit pulp or fruit juice based drinks:      
2202 99 21 ---- Cranberry products 1 10% -
2202 99 29 ---- Other 1 30% -
  --- Beverages containing milk      
2202 99 31 ---- Cranberry products 1 10% -
2202 99 39 ---- Other 1 30% -
  --- Other :      
2202 99 91 --- Cranberry products 1 10% -
2202 99 99 ---- Other 1 30% -";

(8) in Chapter 25, in heading 2529, for tariff item 2529 22 00 and the entries relating thereto, the following shall be substituted, namely:—

“2529 22 -- Containing by weight more than 97 % of calcium fluoride :      
2529 22 10 --- Acid grade kg. 2.5% -
2529 22 90 --- Other kg. 5% -";

(9) in Chapter 26, in heading 2615, for tariff item 2615 10 00 and the entries relating thereto, the following shall be substituted, namely:—

“2615 10 - Zirconium ores and concentrates :      
2615 10 10 --- Hafnium kg. Free -
2615 10 90 --- Other kg. Free -";

(10) in Chapter 28, in heading 2841, for tariff item 2841 90 00 and the entries relating thereto, the following shall be substituted, namely:—

2841 90 - Other :      
2841 90 10 --- Ammonium metavanadate kg. 2.5% -
2841 90 90 --- Other kg. 7.5% -";

(11) in Chapter 29,—

(i) in heading 2905, tariff item 2905 14 30 and the entries relating thereto shall be omitted;

(ii) in heading 2915,-

(a) for tariff item 2915 90 10 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Acetyl chloride, Propionyl chlorid :      
2915 90 11 ---- Acetyl chloride kg. 7.5% -
2915 90 12 ---- Propionyl chloride kg. 7.5% -";

(b) after tariff item 2915 90 95 and the entries relating thereto, the following shall be inserted, namely:—

“2915 90 96 ---- Triethyl orthoformate kg. 5% -";

(iii) in heading 2916, for tariff item 2916 34 00 and the entries relating thereto, the following shall be substituted, namely:—

“2916 34 -- Phenylacetic acid and its salts :      
2916 34 10 --- Phenylacetic acid kg. 7.5% -
2916 34 90 --- Other kg. 7.5% -";

(iv) in heading 2917,—

(a) for tariff item 2917 19 20 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Malonic acid, its salts and esters :      
2917 19 21 ---- Malonic acid kg. 7.5% -
2917 19 22 --- Diethyl malonate kg. 5% -
2917 19 29 ---- Other kg. 7.5% -";

(b) for the entry in column (2) occurring against tariff item 2917 19 70, the entry “--- Ethoxy methylene malonate” shall be substituted;

(v) in heading 2918,-

(a) after tariff item 2918 30 60 and the entries relating thereto, the following shall be inserted, namely:—

“2918 30 70 --- Methyl alpha-phenylacetoacetate kg. 7.5% -";

(b) after tariff item 2918 99 30 and the entries relating thereto, the following shall be inserted, namely:—

“2918 99 40 --- P-2-P methyl glycidic acid and its esters kg. 7.5% -";

(vi) in heading 2922,-

(a) after tariff item 2922 19 19 and the entries relating thereto, the following shall be inserted, namely:—

“2922 19 30 --- DL-2 Aminobutanol kg. 5% -";

(b) for tariff item 2922 43 00 and the entries relating thereto, the following shall be substituted, namely:—

“2922 43 -- Anthranilic acid and its salts:      
2922 43 10 --- Anthranilic acid kg. 7.5% -
2922 43 90 --- Other kg. 7.5% -";

(vii) in heading 2924, for tariff item 2924 29 90 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Other:      
2924 29 91 ---- Alpha-phenylacetoacetamide kg. 7.5% -
2924 29 99 ---- Other kg. 7.5% -";

(viii) in heading 2927, after tariff item 2927 00 10 and the entries relating thereto, the following shall be inserted, namely:—

“2927 00 20 --- Azobisisobutyronitrile (AIBN) kg. 7.5% -";

(ix) in heading 2932,-

(a) after tariff item 2932 20 30 and the entries relating thereto, the following shall be inserted, namely:—

“2932 20 40 --- Gibberellic acid kg. 5% -
2932 20 50 --- Aceto butyrolactone kg. 5% -";

(b) after tariff item 2932 99 20 and the entries relating thereto, the following shall be inserted, namely:—

“2932 99 30 --- Artemisinin kg. 5% -
2932 99 40 --- 3,4-MDP-2-P methyl glycidic acid kg. 7.5% -
2932 99 50 --- 3,4-MDP-2-P methyl glycidate kg. 7.5% -";

(x) in heading 2933,-

(a) for tariff item 2933 32 10 and the entries relating thereto, the following shall be substituted, namely:—

“2933 32 20 --- Piperidine kg. 7.5% -
2933 32 30 --- Mepiquate chloride kg. 7.5% -";

(b) for the entry in column (2) occurring against tariff item 2933 37 00, the entry “-- N-Phenethyl4-piperidone (NPP)” shall be substituted;

(c) after tariff item 2933 39 60 and the entries relating thereto, the following shall be inserted, namely:—

“2933 39 70 --- 4-Piperidone kg. 7.5% -
2933 39 80 --- 1-Boc-4-piperidone kg. 7.5% -";

(d) for tariff item 2933 39 90 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Other: kg. 5% -
2933 39 91 ---- Norfentanyl kg. 7.5% -
2933 39 99 ---- Other kg. 7.5% -";

(xi) in heading 2934, after tariff item 2934 99 40 and the entries relating thereto, the following shall be inserted, namely:—

“2934 99 50 --- Thymidine kg. 5% -";

(xii) in heading 2939,-

(a) for tariff items 2939 41 00 to 2939 42 00 and the entries relating thereto, the following shall be substituted, namely:—

“2939 41 -- Ephedrine and its salts :      
2939 41 10 --- Ephedrine kg. 7.5% 10%
2939 41 90 --- Othe kg. 7.5% 10%
2939 42 -- Pseudoephedrine (INN) and its salts :      
2939 42 10 --- Pseudoephedrine (INN) kg. 7.5% 10%
2939 42 90 --- Other kg. 7.5% 10%";

(b) for tariff item 2939 44 00 and the entries relating thereto, the following shall be substituted, namely:—

“2939 44 -- Norephedrine and its salts :      
2939 44 10 --- Norephedrine kg. 7.5% -
2939 44 90 --- Other kg. 7.5% -";

(c) for tariff item 2939 63 00 and the entries relating thereto, the following shall be substituted, namely:—

“2939 63 -- Lysergic acid and its salts :      
2939 63 10 --- Lysergic acid kg. 7.5% -
2939 63 90 --- Other kg. 7.5% -";

(12) in Chapter 33, in heading 3302, for tariff items 3302 10 10 to 3302 10 90 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Synthetic flavouring essences :      
3302 10 11 ---- Compound alcoholic preparations of a kind used for the manufacture of beverages, of an alcoholic strength by volume exceeding 0.5 % vol., determined at 20ºC kg. 20% -
3302 10 19 ---- Other kg. 10% -
  --- Other :      
3302 10 91 ---- Compound alcoholic preparations of a kind used for the manufacture of beverages, of an alcoholic strength by volume exceeding 0.5 % vol., determined at 20ºC kg. 20% -
3302 10 99 ---- Other kg. 10% -";

(13) in Chapter 39, in heading 3923, for tariff item 3923 29 90 and the entries relating thereto, the following shall be substituted, namely:—

  “--- Other :      
3923 29 91 ---- Biodegradable kg. 15% -
3923 29 99 ---- Other kg. 15% -";

(14) in Chapter 41,-

(i) in heading 4104, for tariff items 4104 11 00 to 4104 19 00 and the entries relating thereto, the following shall be substituted, namely:—

“4104 11 -- Full grains, unsplit; grain splits :      
4104 11 10 --- Wet blues kg. Free -
4104 11 90 --- Other kg. 10% -
4104 19 -- Other :      
4104 19 10 --- Wet blues kg. Free -
4104 19 90 --- Other kg. 10% -";

(ii) in heading 4105, for tariff item 4105 10 00 and the entries relating thereto, the following shall be substituted, namely:-

(ii) in heading 4105, for tariff item 4105 10 00 and the entries relating thereto, the following shall be substituted, namely:-

“4105 10 - In the wet state (including wet-blue) :      
4105 10 10 --- Wet blues kg. Free -
4105 10 90 --- Other kg. 10% -";

(iii) in heading 4106,-

(a) for tariff item 4106 21 00 and the entries relating thereto, the following shall be substituted, namely:-

“4106 21 -- In the wet state (including wet-blue) :      
4106 21 10 --- Wet blues kg. Free -
4104 21 90 --- Other kg. 10% -";

(b) for tariff item 4106 31 00 and the entries relating thereto, the following shall be substituted, namely:-

“4106 31 -- In the wet state (including wet-blue) :      
4106 31 10 --- Wet blues kg. Free -
4104 31 90 --- Other kg. 10% -";

(c) for tariff item 4106 91 00 and the entries relating thereto, the following shall be substituted, namely:-

“4106 91 -- In the wet state (including wet-blue) :      
4106 91 10 --- Wet blues kg. Free -
4104 91 90 --- Other kg. 10% -";

(15) in Chapter 47, in heading 4702, for tariff item 4702 00 00 and the entries relating thereto, the following shall be substituted, namely:-

“4702 CHEMICAL WOOD PULP, DISSOLVING GRADES      
4702 00 - Chemical wood pulp, dissolving grades :      
4702 00 10 --- Rayon grade wood pulp kg. 2.5% -
4702 00 90 --- Other kg. 5% -";

(16) in Chapter 48, in heading 4823, after tariff item 4823 90 30 and the entries relating thereto, the following shall be inserted, namely:-

“4823 90 40 --- Kites kg. 20% -";

(17) in Chapter 73, -

(i) in heading 7305,-

(a) for tariff items 7305 11 19 to 7305 11 29 and the entries relating thereto, the following shall be substituted, namely:-

“7305 11 19 ---- Other kg. 15% -
  --- Non-galvanised pipes, of iron :      
7305 11 31 ---- Clad, plated or coated kg. 15% -
7305 11 39 ---- Other kg. 15% -
  --- Non-galvanised pipes, other :      
7305 11 41 ---- Clad, plated or coated kg. 15% -
7305 11 49 ---- Other kg. 15% -";

(b) for tariff items 7305 12 19 to 7305 12 29 and the entries relating thereto, the following shall be substituted, namely:-

“7305 12 19 ---- Other kg. 15% -
  --- Non-galvanised pipes, of iron :      
7305 12 31 ---- Clad, plated or coated kg. 15% -
7305 12 39 ---- Other kg. 15% -
  --- Non-galvanised pipes, other :      
7305 12 41 ---- Clad, plated or coated kg. 15% -
7305 12 49 ---- Other kg. 15% -";

(c) for tariff items 7305 19 19 to 7305 19 29 and the entries relating thereto, the following shall be substituted, namely:-

“7305 19 19 ---- Other kg. 15% -
  --- Non-galvanised pipes, of iron :      
7305 19 31 ---- Clad, plated or coated kg. 15% -
7305 19 39 ---- Other kg. 15% -
  --- Non-galvanised pipes, other :      
7305 19 41 ---- Clad, plated or coated kg. 15% -
7305 19 49 ---- Other kg. 15% -";

(d) for tariff items 7305 31 10 to 7305 31 90 and the entries relating thereto, the following shall be substituted, namely:-

  “--- Galvanised :      
7305 31 11 ---- Of iron kg. 15% -
7305 31 19 ---- Other kg. 15% -
  --- Non-galvanised, of iron :      
7305 31 21 ---- Clad, plated or coated kg. 15% -
7305 31 29 ---- Other kg. 15% -
  --- Non-galvanised, other :      
7305 31 31 ---- Clad, plated or coated kg. 15% -
7305 31 39 ---- Other kg. 15% -";

(e) for tariff items 7305 39 10 to 7305 39 90 and the entries relating thereto, the following shall be substituted, namely:-

  “--- Galvanised :      
7305 39 11 ---- Of iron kg. 15% -
7305 39 19 ---- Other kg. 15% -
  --- Non-galvanised, of iron :      
7305 39 21 ---- Clad, plated or coated kg. 15% -
7305 39 29 ---- Other kg. 15% -
  --- Non-galvanised, other :      
7305 39 31 ---- Clad, plated or coated kg. 15% -
7305 39 39 ---- Other kg. 15% -";

(ii) in heading 7306, for tariff items 7306 19 19 to 7306 19 29 and the entries relating thereto, the following shall be substituted, namely:-

“7306 19 19 ---- Other kg. 15% -
  --- Non-galvanised pipes, of iron :      
7306 19 31 ---- Clad, plated or coated kg. 15% -
7306 19 39 ---- Other kg. 15% -
  --- Non-galvanised pipes, other :      
7306 19 41 ---- Clad, plated or coated kg. 15% -
7306 19 49 ---- Other kg. 15% -";

(18) in Chapter 81, in heading 8101, after tariff item 8101 99 10 and the entries relating thereto, the following shall be inserted, namely:-

“8101 99 20 --- Bars and rods, other than those obtained simply by sintering, profiles, plates, sheets, strip and foil kg. 5% -

(19) in Chapter 84,-

(i) in heading 8415, for tariff item 8415 90 00 and the entries relating thereto, the following shall be substituted, namely:-

“8415 90 - Parts :      
8415 90 10 --- Separately presented indoor units or outdoor units for split-system air conditioning machines u 20% -
8415 90 90 --- Other kg. 10% -";

(ii) in heading 8421, for tariff item 8421 99 00 and the entries relating thereto, the following shall be substituted, namely:-

“8421 99 -- Other :      
8421 99 10 --- Reverse Osmosis (RO) membrane element for household type filters u 10% -
8421 99 90 --- Other u 7.5% -";

(20) in Chapter 85, -

(i) in heading 8507, for tariff item 8507 90 10 and the entries relating thereto, the following shall be substituted, namely:-

“8507 90 10 --- Accumulator cases made of hard rubber kg. 10% -
8507 90 20 --- Battery separators kg. 5% -";

(ii) in heading 8529,-

(a) after tariff item 8529 10 92 and the entries relating thereto, the following shall be inserted, namely:-

“8529 10 93 ---- Other, for apparatus of headings 8525 to 8527 u 10% -";

(b) after tariff item 8529 90 20 and the entries relating thereto, the following shall be inserted, namely:-

“8529 90 30 --- Other, for apparatus of headings 8525 to 8527 u 10% -";

(21) in Chapter 86, in heading 8609, for tariff item 8609 00 00 and the entries relating thereto, the following shall be substituted, namely:-

“8609 CONTAINERS (INCLUDING CONTAINERS FOR THE TRANSPORT OF FLUIDS) SPECIALLY DESIGNED AND EQUIPPED FOR CARRIAGE BY ONE OR MORE MODES OF TRANSPORT      
8609 00 - Containers (including containers for the transport of fluids) specially designed and equipped for carriage by one or more modes of transport :      
8609 00 10 --- Refrigerated containers u 5% -
8609 00 90 --- Other u 10% -";

THE FIFTH SCHEDULE

[See section 152(c)(ii)]

In the First Schedule to the Customs Tariff Act,-

(1) in Chapter 2, for the entry in column (4) occurring against tariff items 0207 25 00 and 0207 27 00, the entry “5%” shall be substituted;

(2) in Chapter 3, for the entry in column (4) occurring against tariff item 0306 36 60, the entry “Free” shall be substituted;

(3) in Chapter 5, for the entry in column (4) occurring against tariff item 0511 91 40, the entry “Free” shall be substituted;

(4) in Chapter 8,-

(i) for the entry in column (4) occurring against tariff item 0802 11 00, the entry “Rs. 35 per kg.” shall be substituted;

(ii) for the entry in column (4) occurring against tariff item 0802 12 00, the entry “Rs. 100 per kg.” shall be substituted;

(iii) for the entry in column (4) occurring against tariff item 0802 31 00, the entry “100%” shall be substituted;

(5) in Chapter 12, for the entry in column (4) occurring against tariff items 1209 10 00, 1209 21 00, 1209 22 00, 1209 23 00, 1209 24 00, 1209 25 00, 1209 29 10, 1209 29 90 and 1209 30 00, the entry “15%” shall be substituted;

(6) in Chapter 15, for the entry in column (4) occurring against all the tariff items of heading 1505, the entry “15%” shall be substituted;

(7) in Chapter 20, for the entry in column (4) occurring against tariff items 2008 19 21, 2008 19 22, 2008 19 29, 2008 19 91 and 2008 19 92, the entry “30%” shall be substituted;

(8) in Chapter 21, for the entry in column (4) occurring against tariff items 2106 90 11, 2106 90 19, 2106 90 20, 2106 90 30, 2106 90 40, 2106 90 60, 2106 90 70, 2106 90 80, 2106 90 91, 2106 90 92 and 2106 90 99, the entry “50%” shall be substituted;

(9) in Chapter 23, for the entry in column (4) occurring against tariff item 2309 90 31, the entry “5%” shall be substituted;

(10) in Chapter 25,-

(i) for the entry in column (4) occurring against all the tariff items of heading 2504, the entry “2.5%” shall be substituted;

(ii) for the entry in column (4) occurring against all the tariff items of heading 2505, the entry “Free” shall be substituted;

(iii) for the entry in column (4) occurring against all the tariff items of heading 2506, the entry “2.5%” shall be substituted;

(iv) for the entry in column (4) occurring against tariff item 2530 90 91, the entry “Free” shall be substituted;

(11) in Chapter 27,-

(i) for the entry in column (4) occurring against all the tariff items of heading 2701, the entry “2.5%” shall be substituted;

(ii) for the entry in column (4) occurring against all the tariff items of heading 2702, the entry “2.5%” shall be substituted;

(iii) for the entry in column (4) occurring against all the tariff items of heading 2703, the entry “2.5%” shall be substituted;

(iv) for the entry in column (4) occurring against tariff item 2709 00 10, the entry “Re 1 per tonne” shall be substituted;

(12) in Chapter 28,-

(i) for the entry in column (4) occurring against tariff item 2804 50 20, the entry “Free” shall be substituted;

(ii) for the entry in column (4) occurring against tariff item 2804 61 00, the entry “Free” shall be substituted;

(iii) for the entry in column (4) occurring against tariff item 2804 69 00, the entry “Free” shall be substituted;

(iv) for the entry in column (4) occurring against tariff item 2804 90 00, the entry “Free” shall be substituted;

(v) for the entry in column (4) occurring against tariff item 2805 30 00, the entry “Free” shall be substituted;

(vi) for the entry in column (4) occurring against tariff item 2809 20 10, the entry “5%” shall be substituted;

(vii) for the entry in column (4) occurring against tariff item 2811 22 00, the entry “2.5%” shall be substituted;

(viii) for the entry in column (4) occurring against tariff item 2816 40 00, the entry “Free” shall be substituted;

(ix) for the entry in column (4) occurring against all the tariff items of heading 2822, the entry “Free” shall be substituted;

(x) for the entry in column (4) occurring against tariff item 2825 20 00, the entry “Free” shall be substituted;

(xi) for the entry in column (4) occurring against all the tariff items of sub-heading 2825 30, the entry “Free” shall be substituted;

(xii) for the entry in column (4) occurring against tariff item 2825 60 10, the entry “Free” shall be substituted;

(xiii) for the entry in column (4) occurring against all the tariff items of sub-heading 2825 70, the entry “Free” shall be substituted;

(xiv) for the entry in column (4) occurring against tariff item 2825 80 00, the entry “Free” shall be substituted;

(xv) for the entry in column (4) occurring against tariff item 2825 90 20, the entry “Free” shall be substituted;

(xvi) for the entry in column (4) occurring against tariff item 2827 35 00, the entry “Free” shall be substituted;

(xvii) for the entry in column (4) occurring against tariff item 2827 39 30, the entry “Free” shall be substituted;

(xviii) for the entry in column (4) occurring against tariff item 2833 24 00, the entry “Free” shall be substituted;

(xix) for the entry in column (4) occurring against tariff item 2834 21 00, the entry “Free” shall be substituted;

(xx) for the entry in column (4) occurring against tariff item 2836 91 00, the entry “Free” shall be substituted;

(xxi) for the entry in column (4) occurring against tariff item 2836 92 00, the entry “Free” shall be substituted;

(13) in Chapter 29,-

(i) for the entry in column (4) occurring against tariff item 2910 20 00, the entry “2.5%”, shall be substituted;

(ii) for the entry in column (4) occurring against tariff item 2918 15 30, the entry “Free” shall be substituted;

(14) in Chapter 31, for the entry in column (4) occurring against tariff item 3102 30 00, the entry “5%” shall be substituted;

(15) in Chapter 38,-

(i) for the entry in column (4) occurring against all the tariff items of heading 3801, the entry “2.5%” shall be substituted;

(ii) for the entry in column (4) occurring against tariff item 3808 93 30, the entry “5%” shall be substituted;

(16) in Chapter 39, for the entry in column (4) occurring against all the tariff items of heading 3904, the entry “7.5%” shall be substituted;

(17) in Chapter 48, for the entry in column (4) occurring against tariff item 4823 90 90, the entry “10%” shall be substituted;

(18) in Chapter 49, for the entry in column (4) occurring against tariff item 4906 00 00, the entry “Free” shall be substituted;

(19) in Chapter 52, for the entry in column (4) occurring against tariff item 5201 00 25, the entry “Free” shall be substituted;

(20) in Chapter 72, for the entry in column (4) occurring against tariff item 7202 60 00, the entry “Free” shall be substituted;

(21) in Chapter 74, for the entry in column (4) occurring against tariff item 7402 00 10, the entry “Free” shall be substituted;

(22) in Chapter 78, for the entry in column (4) occurring against all the tariff items of heading 7802, the entry “Free” shall be substituted;

(23) in Chapter 79, for the entry in column (4) occurring against all the tariff items of heading 7902, the entry “Free” shall be substituted;

(24) in Chapter 81, for the entry in column (4) occurring against tariff item 8105 20 30, the entry “Free” shall be substituted;

(25) in Chapter 84, for the entry in column (4) occurring against tariff items 8419 89 12, 8419 89 13, 8419 89 14, 8419 89 15, 8419 89 16, 8419 89 17 and 8419 89 19, the entry “7.5%” shall be substituted.

THE SIXTH SCHEDULE

(See section 158)

In the Seventh Schedule to the Finance Act, 2001,-

(i) for the entry in column (4) occurring against tariff item 2403 99 10, the entry “60%” shall be substituted;

(ii) for the entry in column (4) occurring against tariff item 2403 99 30, the entry “60%” shall be substituted;

(iii) for the entry in column (4) occurring against tariff item 2403 99 90, the entry “60%” shall be substituted.

DR. RAJIV MANI,
Secretary to the Govt. of India.