Customs and excise duty revisions take immediate effect and expand advance ruling and non bailable offence thresholds. Immediate tariff and procedural amendments for Customs and Central Excise take effect from midnight of 28 February/1 March 2013, with certain measures provisionally effective under the Provisional Collection of Taxes Act, 1931. Annexes summarise chapter wise rate changes, reclassifications, exemptions and technical rectifications across Customs and Central Excise schedules, and the Finance Bill, 2013 proposes legislative amendments expanding the scope and eligibility of advance ruling, raising thresholds for non bailable and cognizable offences, capping Tribunal stay of recoveries, and introducing multiple procedural reforms including electronic manifest filing, reduced interest free periods, and provisional attachment and recovery powers.
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.
Customs and excise duty revisions take immediate effect and expand advance ruling and non bailable offence thresholds.
Immediate tariff and procedural amendments for Customs and Central Excise take effect from midnight of 28 February/1 March 2013, with certain measures provisionally effective under the Provisional Collection of Taxes Act, 1931. Annexes summarise chapter wise rate changes, reclassifications, exemptions and technical rectifications across Customs and Central Excise schedules, and the Finance Bill, 2013 proposes legislative amendments expanding the scope and eligibility of advance ruling, raising thresholds for non bailable and cognizable offences, capping Tribunal stay of recoveries, and introducing multiple procedural reforms including electronic manifest filing, reduced interest free periods, and provisional attachment and recovery powers.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
