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of <h1>Customs Act Amendments: Sections 146 & 147 Rename Agents to Brokers, Enhance Liability for Negligence or Misconduct.</h1> Amendments to Sections 146 and 147 of the Customs Act, 1962, effective from May 10, 2013, have been announced following the Union Budget 2013-14. Section 146 now refers to Custom House Agents as Customs Brokers, aligning with global terminology. Sub-section (3) of Section 147 has been modified to include liability for Customs Brokers when authorized by owners, importers, or exporters. This mandates Customs Brokers to perform their duties professionally, with negligence or misconduct leading to severe penalties. The notice emphasizes strict compliance and accountability for Customs Brokers.
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