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of <h1>Proposed Customs Act Amendments: Faster Bill of Entry Filing, Revised Duty Payment, and Refund Rules in Finance Bill 2017.</h1> The circular from the Department of Revenue outlines proposed amendments to the Customs Act as part of the Finance Bill, 2017. Key changes include mandatory filing of the Bill of Entry by the next day after goods arrive at a customs station, amendments to Section 47 regarding the payment of duty and interest, and changes to Section 27 concerning refunds of excess duty paid. These amendments aim to reduce clearance times and improve efficiency. Stakeholders are urged to familiarize themselves with these changes, and Chief Commissioners are encouraged to ensure stakeholder awareness and report any implementation challenges.
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