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5. Change in the rate of tax.—
If there is a change in the
rate of tax--
-
(a)
a taxable supply made (***) by
a registered person shall be charged to tax at such rate as
-
is in force at the time of supply;
(b)
imported goods shall be charged to
tax at such rate as is in force,--
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(i) in case the goods are
entered for home consumption, on the date on which a bill of
-
entry
is presented under section 79 of the Customs Act, 1969 (IV of 1969);
-
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(ii) in case the goods are cleared from warehouse, on the date
on which a bill of entry for
-
clearance
of such goods is presented under section 104 of the Customs Act, 1969 (IV
-
of
1969):
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Provided that where a bill of entry is presented in advance of the arrival
of the
-
conveyance by which the goods are imported,
the tax shall be charged as is in
-
force on the date on which the manifest of
the conveyance is delivered:
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Provided further that if the tax is not paid within seven days of the
presenting of the
-
bill of entry under section 104 of the
Customs Act, the tax shall be charged at the
-
rate as is in force on the date on which
tax is actually paid.
