Voluntary revision of entry after clearance permits self-assessment, voluntary duty payment, refund treatment, and risk-based verification. Voluntary revision of an entry after clearance allows an importer or exporter to revise an already made entry in the prescribed form, manner, time and conditions, notwithstanding section 149. The revised entry requires self-assessment of duty; short-levied, not levied, short-paid or not paid duty may be paid voluntarily with interest, while excess duty paid is treated as a refund claim. The proper officer may verify risk-selected cases and re-assess where self-assessment is incorrect. Revision is barred in specified audit, search, seizure, summons, and refund-related cases.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voluntary revision of entry after clearance permits self-assessment, voluntary duty payment, refund treatment, and risk-based verification.
Voluntary revision of an entry after clearance allows an importer or exporter to revise an already made entry in the prescribed form, manner, time and conditions, notwithstanding section 149. The revised entry requires self-assessment of duty; short-levied, not levied, short-paid or not paid duty may be paid voluntarily with interest, while excess duty paid is treated as a refund claim. The proper officer may verify risk-selected cases and re-assess where self-assessment is incorrect. Revision is barred in specified audit, search, seizure, summons, and refund-related cases.
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