Home Acts & Rules F. Acts / Amendment Acts Finance Acts Finance Act, 1982 Chapters List Chapter IV INDIRECT TAXES CUSTOMS This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Section 45 - Amendment of Act 52 of 1962 - Finance Act, 1982Extract 45. Amendment of Act 52 of 1962 In sub-section (1) of section 20 of the Customs Act, 1962,- (a) in the proviso, after the words such importation , the words other than importation of goods produced or manufactured in a free trade zone, shall be inserted; (b) the following Explanations shall be inserted at the end, namely:- Explanation 1.- Where in respect of any goods produced or manufactured in a free trade zone, any duty leviable under this sub-section is leviable at different rates, then, such duty shall be leviable at the highest of those rates. Explanation 2.- For the purposes of this sub-section, free trade zone has the same meaning as in Explanation 2 to sub-section (1) of section 3 of the Central Excises and Salt Act, 1944 (1 of 1944). .
|