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of <h1>Finance Bill 2018 Amends Customs Act: New Rules on Redemption Fine, Section 125 Updated with 120-Day Payment Clause.</h1> Clause 93 of the Finance Bill, 2018 amends section 125 of the Customs Act. It introduces a proviso to sub-section (1), stating that if proceedings are concluded under section 28 for non-prohibited or restricted goods, section 125 does not apply. A new sub-section (3) is added, voiding the redemption fine option if not paid within 120 days, unless an appeal is pending. An explanation clarifies that for orders made before the Finance Bill's presidential assent, the option can be exercised within 120 days from the assent date if no appeal is pending.
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