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>Importers Can Revise Customs Entries After Clearance Under Section 18A, Must Self-Assess Duty and Pay Shortfalls with Interest</h1> Section 18A of the Customs Act, 1962 allows importers or exporters to voluntarily revise entries after goods clearance within prescribed conditions. They must self-assess duty on revision, with provisions to pay any shortfall with interest or claim refunds for excess payments. Proper officers may verify selected revisions based on risk evaluation and reassess duty if self-assessment is incorrect. Revisions are prohibited when audit, search, seizure or summons has been initiated, when refund is sought after official reassessment, or in other Board-specified cases. This provision was inserted by Section 93 of the Finance Act, 2025.
TaxTMI 
TaxTMI 
