TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 85 Finance Act 2013 validates retrospective customs exemption changes and allows six-month window for duty refund claims</h1> Section 85 of the Finance Act, 2013 provides that a specified customs exemption notification issued under section 25(1) of the Customs Act, 1962 is retrospectively amended as detailed in the Second Schedule, effective from the dates indicated therein. It declares that the Central Government is deemed always to have had power to make such retrospective amendments. Customs duty collected but not payable had the amended notification been in force at all material times is refundable. Refund claims must be filed within six months from the date of Presidential assent to the Finance Bill, 2013, and section 27 of the Customs Act applies to such refunds.
TaxTMI 
TaxTMI 
