AMENDMENTS TO THE CUSTOMS ACT, 1962

S.No.

Amendment

Clause of the Finance (No. 2) Bill, 2024

These changes will come into effect from the date of enactment of the Finance (No. 2) Bill, 2024

1.

Section 28DA is being amended to enable the acceptance of different types of proof of origin provided in trade agreements in order to align the said section with new trade agreements, which provide for self-certification.

[100]

2.

A proviso to sub-section (1) of Section 65 is being inserted to empower the Central Government to specify certain manufacturing and other operations

[101]

in relation to a class of goods that shall not be permitted in a warehouse.

3.

Section 143AA of the Customs Act is being amended by substituting the expression “a class of importers or exporters” with “a class of importers or exporters or any other persons” for the purpose of facilitating trade.

[102]

4.

Clause (m) of sub-section (2) of section 157 of the Customs Act is being amended by substituting the expression “a class of importers or exporters” with “a class of importers or exporters or any other persons”

[103]