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of <h1>New Section 28 in Customs Act: Timelines for Duty Recovery, Notices, and Definitions for Non-Collusive and Collusive Errors.</h1> Clause 41 of the Finance Bill, 2011 proposes a new section 28 in the Customs Act to address the recovery of duties not levied, short-levied, or erroneously refunded. It mandates that the proper officer must serve a notice within one year for non-collusive errors and within five years for issues involving collusion, mis-statements, or suppression of facts. If the duty or interest is paid before the notice, no further notice is required. The section outlines timelines for determining duties and provides definitions for relevant dates, ensuring clarity and coherence in the recovery process.
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