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TypeBare Act JurisdictionCentral Government

Finance Act 2001 Schedule V

Fifth Schedule

~1 min read
https://sooperkanoon.com/act/34332

Bare act section · Research

About this section

Finance Act 2001 Schedule V is part of Finance Act 2001 - Fifth Schedule. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

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Section Text

THE FIFTH SCHEDULE

[See section 134(b)]

PART I

In the Second Schedule to the Central Excise Tariff Act, in sub-heading Nos. 2106.00, 2108.10, 2201.20, 2202.20, 2401.90, 2404.50, 2404.99, 250221, 2502.30, 2502.40, 2502.50, 2502.90, 4301.00, 8703.90, 8704.90, 8706.39, 8706.49, 8903.00, 8907.00, 9302.00, 9303.00, 9304.00, 9305.00, 9306.00 and 9307.00, for the entry in column (4) occurring against each of them, the entry "16%" shall be substituted.

PART II

Heading No.

Sub-heading No.

Description of goods

Rate of special duty of excise

(1)

(2)

(3)

(4)

In the Second Schedule to the Central Excise Tariff Act,--

(1) in heading No. 24.04, for sub-heading No. 2404.40 and the entries relating thereto, the following shall be substituted, namely:--

"-- Chewing tobacco and preparations containing chewing tobacco; pan masala containing tobacco:

2404.41

-- Chewing tobacco and preparations containing chewing tobacco

16%

2404.49

-- Pan masala containing tobacco

16% ";

(2) heading No. 57.02, sub-heading No. 5702.19 and the entries relating thereto shall be omitted;

(3) heading No. 57.03, sub-heading No. 5703.90 and the entries relating thereto shall be omitted;

(4) heading No. 59.04, sub-heading Nos. 5904.10, 5904.91 and 5904.92 and the entries relating thereto shall be omitted;

(5) heading No. 59.05, sub-heading No. 5905.00 and the entries relating thereto shall be omitted;

(6) heading No. 59.07, sub-heading No. 5907.90 and the entries relating thereto shall be omitted;

(7) heading No. 69.05, sub-heading No. 6905.10 and the entries relating thereto shall be omitted;

(8) heading No. 69.06, sub-heading No. 6906.10 and the entries relating thereto shall be omitted;

(9) heading No. 87.11, sub-heading Nos. 8711.20 and 8711.90 and the entries relating thereto shall be omitted; and

(10) heading No. 94.04, sub-heading No. 9404.00 and the entries relating thereto shall be omitted.

Frequently asked questions

What does Finance Act 2001 Schedule V provide?

Section Schedule V of the Finance Act 2001 (Fifth Schedule) is reproduced on this page as part of the Finance Act 2001. 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 2001 Schedule V?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2001 Schedule V. 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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