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of <h1>Finance Bill 2018 amends Customs Act Section 28K; adjusts time limits for recovery notices post-advance ruling.</h1> Clause 67 of the Finance Bill, 2018 proposes an amendment to section 28K of the Customs Act. It removes the phrase '(after excluding the period beginning with the date of such advance ruling and ending with the date of order under this sub-section)' from sub-section (1). Instead, a proviso is added to exclude the period between the advance ruling date and the order date from the two-year and five-year time limits for serving notice for recovery of duties not levied, short-levied, not paid, or short-paid due to the advance ruling.
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