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of <h1>Customs Act Section 25 Amended: Conditional Exemptions Valid Until March 31st, Two Years Post Grant or Variation.</h1> Section 25 of the Customs Act has been amended to include a new sub-section (4A). This sub-section specifies that any exemption granted under sub-section (1) with conditions will be valid until March 31st, two years after the date of the exemption's grant or variation, unless specified otherwise. For exemptions in force when the Finance Bill, 2021, receives presidential assent, the two-year period is counted from February 1, 2021.
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