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of <h1>Finance Act 2014 Amends Customs Act: Raises Monetary Threshold, Alters Notification Process, and Modifies Stay Clause.</h1> The Finance (No. 2) Act, 2014 amends section 129A of the Customs Act by making three changes: First, it increases the monetary threshold in the second proviso of sub-section (1) from fifty thousand rupees to two lakh rupees. Second, it replaces the phrase 'by notification in the Official Gazette' with 'by order' in clause (i) of sub-section (1B). Third, it removes the words 'for grant of stay or' from clause (a) of sub-section (7). These amendments pertain to the administration and procedural aspects of indirect taxes.
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