Customs assessment definition broadened to cover classification, valuation, exemptions, origin, and nil-duty assessments. The amendment to the Customs Act clarifies the meaning of assessment as the determination of dutiability and the amount payable in relation to goods, including tariff classification, value, exemptions or concessions, quantity-based factors, origin, and any other relevant factor affecting duty, tax, cess or other sums. It also includes provisional assessment, self-assessment, re-assessment, and nil duty assessments. The amendment further updates the board name, revises the territorial reference to the Exclusive Economic Zone, and defines notification as a notification published in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Customs assessment definition broadened to cover classification, valuation, exemptions, origin, and nil-duty assessments.
The amendment to the Customs Act clarifies the meaning of assessment as the determination of dutiability and the amount payable in relation to goods, including tariff classification, value, exemptions or concessions, quantity-based factors, origin, and any other relevant factor affecting duty, tax, cess or other sums. It also includes provisional assessment, self-assessment, re-assessment, and nil duty assessments. The amendment further updates the board name, revises the territorial reference to the Exclusive Economic Zone, and defines notification as a notification published in the Official Gazette.
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