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TMI BlogBudgetary changeX X X X Extracts X X X X X X X X Extracts X X X X ..... otherwise. 2. Out of the said legislative proposals concerning changes in the provisions of the Customs Act, I want to specifically bring to your attention the proposals relating to the amendment in Section 46 , 47 and 27 of the Customs Act . The summary of the changes in these sections is: a. Sub-section (3) of section 46 is being substituted so as to make it mandatory to file a Bill of Entry before the end of the next day following the day (excluding holidays) on which the vessel or aircraft or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or warehousing and to provide for imposition of such charges for late presentation of the bill of entry as may be pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nment has been concerned about the dwell time in clearance of the imported goods. There are various factors for this. One of the reasons is that the provision of advance/ prior filing of bill of entry is not being fully utilised. Similarly, even after arrival of goods, statistics have revealed that the bill of entry is not being filed expeditiously. The amendment in section 46 is to address these issues. The change in section 46 is to make it mandatory to file the bill of entry by the end of the next day on which the goods arrive at any customs station at which they are to be cleared. In other words, if the clearance is to take place at the gateway port, the time period for filing bill of entry would start from the date of entry inwards ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioning the changes in Section 27 in the end for the reason that the changes in this are consequent to the change in Section 47 . The intention behind this change is to allow a simplified regime of refund of customs duty paid in excess in specified cases by providing that such refunds shall be outside the scope of unjust enrichment. 6. All the three proposals which I have discussed above even though procedural, are however, substantive in nature with a definite financial impact should there be non-compliance. It is therefore critical for the smooth implementation of these provisions that the said legislative changes are understood correctly and the trade and industry / other stakeholders is also made familiar as early as possible. 7 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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