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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Act 2001 Section 114: Validates Customs Actions Since 1963; No Legal Proceedings or Refunds Allowed.</h1> Section 114 of the Finance Act, 2001 validates actions taken or omitted under the Customs Act and related regulations from February 1, 1963, until the Finance Bill, 2001 received presidential assent. These actions are deemed valid as if the amendment by section 107 of the Finance Act, 2001 had always been in effect. No legal proceedings can be maintained for actions taken during this period, and any uncollected or refunded duties, interest, penalties, or fines must be recovered. No act or omission during this time is punishable if it wouldn't have been punishable without this section.
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