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TypeBare Act JurisdictionCentral Government

Finance Act, 1995 Section 59

Amendment of Section 47

~1 min read
https://sooperkanoon.com/act/19298

Bare act section · Research

About this section

Finance Act, 1995 Section 59 is part of Finance Act, 1995 - Amendment of Section 47. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 47 of the Customs Act, in sub-section (2),-

(a) for the words "twenty per cent", the words "ten per cent" shall be substituted;

(b) after the proviso, the following proviso shall be inserted, namely.-

"Provided further that if the Board is satisfied that it is necessary in the public interest so to do, it may, by order for reasons to be recorded, waive the whole or part of any interest payable under this section".

Frequently asked questions

What does Finance Act, 1995 Section 59 provide?

Section Section 59 of the Finance Act, 1995 (Amendment of Section 47) is reproduced on this page as part of the Finance Act, 1995. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 1995 Section 59?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1995 Section 59. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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