Home India Ministry of Finance Customs Finance Act 2023 commencement dates...
Date: 31-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

Customs Finance Act 2023 commencement dates

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This notification appoints the dates on which specific sections of the Finance Act, 2023 come into force.

Key Changes

  • Section 135 (a) and (b) of the Finance Act, 2023 comes into force on March 31, 2023.
  • Sections 128 and 131 of the Finance Act, 2023 comes into force on April 1, 2023.

Impact Analysis

Stakeholders

  • Individuals or entities impacted by changes to customs duties or regulations.

Impact

  • Possible changes in customs procedures or duty structures based on the sections coming into force.

Suggested Action Items

  • Engage with customs authorities for clarification and guidance.

Key Entities Referenced

Central Government: The entity issuing the notification and appointing the dates for the Finance Act provisions to come into force. Ministry of Finance (Department of Revenue): The specific department within the government responsible for this notification. Finance Act, 2023 (08 of 2023): The Act of Parliament that is being amended/updated by this notification. Section 128, 131 and 135 of the Finance Act, 2023: Specific sections of the Finance Act, 2023, that are being brought into force.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31032023-244837 xxxGIDHxxx CG-DL-E-31032023-244837 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1505] नई दिल्ली, िुक्रिार, माच च31, 2023/चत्रै 10, 1945 No. 1505] NEW DELHI, FRIDAY, MARCH 31, 2023/CHAITRA 10, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल् ली, 31 माच,च 2023 स.ं 21/2023-सीमा िल्ु क (ग.ै टै.) का आ. 1567(अ).—जित्त अजधजनयम 2023 (2023 का 08) की धारा 1 की उपधारा (2) के खंड (ख) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केंद्र सरकार एतिद्वारा - (i) 31 माच,च 2023 को उस तारीख के रूप म ें जनयुि करती ह ै जिस पर उि अजधजनयम की धारा 135 के खंड (क) और (ख) के प्रािधान प्रिृत्त होंगे; (ii) 1 अप्रलै , 2023 को उस तारीख के रूप में जनयिु करती ह ै जिस पर उि अजधजनयम की धारा 128 और 131 के प्रािधान प्रिृत्त होंग े । [फा. सं. 190354/45/2023-टीआरयू] जिक्रम जििय िानेरे, अिर सजचि 2204 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 31st March, 2023 No. 21/2023-Customs (N.T.) S.O. 1567(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance Act, 2023 (08 of 2023), the Central Government hereby appoints - (i) the 31st day of March, 2023, as the date on which the provisions of clauses (a) and (b) of section 135 of the said Act shall come into force; (ii) the 1st day of April, 2023, as the date on which the provisions of sections 128 and 131 of the said Act shall come into force. [F. No. 190354/45/2023-TRU] VIKRAM VIJAY WANERE, Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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