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of <h1>Finance Bill 2018 Amends Customs Act Section 50 to Enhance Electronic Submission and Mandate Exporter Compliance.</h1> Clause 76 of the Finance Bill, 2018 proposes amendments to section 50 of the Customs Act. It aims to enhance the electronic submission process of shipping bills or bills of export by incorporating the term 'customs automated system' into sub-section (1). Additionally, a new sub-section (3) is introduced, mandating exporters to ensure the accuracy and completeness of their information, the authenticity and validity of supporting documents, and compliance with any applicable restrictions or prohibitions under the Act or other prevailing laws.
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