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of <h1>Finance Act 2014 amends Customs Act Section 25, allows retrospective notification changes, mandates customs duty refunds.</h1> The Finance (No. 2) Act, 2014 amends a notification under section 25 of the Customs Act, allowing for retrospective amendments as specified in the Second Schedule. This amendment permits the Central Government to retrospectively alter the notification as if it always had this power. It mandates refunds for customs duties collected that would not have been due under the amended notification, subject to section 27 of the Customs Act. Refund claims must be filed within six months from the enactment date. No actions will be penalized if they would not have been offenses under the original notification. The relevant period for certain tariff items is February 8, 2013, to July 10, 2014.
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