CBIC Appoints 1st day of January 2020 for enforcing section 88(b) of the Finance Act

The Central Board of Indirect Taxes and Customs in its Notification dated 10th December 2019 appoints January 01, 2020, as the date on which, the provisions of Section 88(b) of the Finance (No. 2) Act, 2019 shall come into force.

The Provision of Section 88(b) of the Finance Act specifies that the first schedule in the customs tariff Act shall be amended in the manner specified in the fifth schedule.

Click here to read the Notification.

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