TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs Act Amendment: New Explanation 2 Clarifies One-Year Limitation Period Calculation for Refunds Under Section 18A(3)(b)</h1> The Finance Act, 2025 amends section 27 of the Customs Act by inserting a new Explanation 2 after the existing Explanation (now renumbered as Explanation 1). The amendment clarifies that the one-year limitation period for refund claims under section 18A(3)(b) or for document amendments under section 149 shall be calculated from the date when the duty or interest was paid. This provision resolves potential ambiguities regarding the starting point for calculating the limitation period in these specific customs refund scenarios.
TaxTMI 
TaxTMI 
