TMI Short Notes |
Amendments in Customs - FINANCE (No.2) BILL, 2019 |
CUSTOMS Note: (a) “Basic Customs Duty” means the customs duty levied under the Customs Act, 1962. (b) “Export duty” means duty of Customs leviable on goods specified in the Second Schedule to the Customs Tariff Act, 1975. (c) “Road and Infrastructure Cess” means the additional duty of customs levied under section 111 of the Finance Act, 2018. (d) Clause nos. in square brackets [ ] indicate the relevant clause of the Finance (No. 2) Bill, 2019. (e) Amendments carried out through the Finance (No. 2) Bill, 2019 will come into effect on the date of its enactment, unless otherwise specified.
Dated: 5-7-2019
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