Definitions of Interim Board and pending application clarify eligibility and treatment of settlement applications under the Customs Act. Inserts definitions into section 127A of the Customs Act: Interim Board refers to the Interim Board for Settlement constituted under section 31A of the ... Summary
Definitions of Interim Board and pending application clarify eligibility and treatment of settlement applications under the Customs Act.
Inserts definitions into section 127A of the Customs Act: Interim Board refers to the Interim Board for Settlement constituted under section 31A of the Central Excise Act, 1944; pending application denotes an application filed under section 127B before the specified cut-off that has been allowed under section 127C and for which no order under sub section (5) of section 127C was issued on or before the specified cut-off.
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