9911796707
TMI BlogAMENDMENTS IN THE CUSTOMS ACT, 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... on is being modified to specifically state that assignment of functions to an officer of Customs by the Board or the Principal Commissioner of Customs or the Commissioner of Customs shall be done under the newly inserted sub-sections (1A) and (1B) of Section 5 in the Customs Act, 1962 (52 of 1962). [85] 2. Section 3 is being amended to specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Customs as proper officers for the purposes of the Act, besides the definition clause (34) in section 2 of the Customs Act 4. Sub-section (4) to Section 5 is being inserted to delineate the criteria which the Board may adopt while imposing limitations or conditions under sub-section (1) or while assigning functions under sub-section (1A) to the offi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [87] 6. Section 14 is being amended to include provisions for rules enabling the Board to specify the additional obligations of the importer in respect of a class of imported goods whose value is not being declared correctly, the criteria of selection of such goods, and the checks in respect of such goods. This amendment is a measure to address the issue o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10. Sub-section (2) under Section 28J is being substituted so that advance ruling under sub-section (1) of Section 28J is now valid for a period of three years or till there is a change in law or facts on the basis of which the advance ruling has been pronounced, whichever is earlier. A proviso is also being inserted to provide that the advance rulings in force on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etc. consequent to the completion of such inquiry, investigation, audit or any other purpose. [93] 12. Section 135AA is being inserted to protect the import and export data submitted to Customs by importers or exporters in their declarations by making the publishing of such information unless provided by the law, as an offence under Customs Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X
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