Section 60 - Amendment of section 17 - Finance Act, 2018

Amendment of section 17 60. In the Customs Act, in section 17,- (i) in sub-section (2),- (a) for the words the self-assessment of such goods , the words, figures and brackets the entries made under section 46 or section 50 and the self-assessment of goods referred to in sub-section (1) shall be substituted; (b) the following proviso shall be inserted, namely:- Provided that the selection of cases for verification shall primarily be on the basis of risk evaluation through appropriate selection criteria. ; (ii) in sub-section (3), for the words verification of self-assessment , the words the purposes of verification shall be substituted; (iii) in sub-section (5), the words regarding valuation of goods, classification, exemption or concessions of duty availed consequent to any notification issued therefor under this Act shall be omitted; (iv) sub-section (6) shall be omitted.