Customs Act amendments clarified by CBEC circular and notification; trade associations asked to circulate guidance to stakeholders. Clarification concerning amendments to the Customs Act, 1962 effected through measures processed in the Finance Bill, 2017, highlights CBEC Circular No. 12/2017-Customs and Notification No. 26/2017-CUS(NT) dated 31 March 2017 as the administrative instruments explaining the legislative changes and directs Trade Associations and Chambers of Commerce to circulate these instruments to their members for compliance and operational guidance.
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Customs Act amendments clarified by CBEC circular and notification; trade associations asked to circulate guidance to stakeholders.
Clarification concerning amendments to the Customs Act, 1962 effected through measures processed in the Finance Bill, 2017, highlights CBEC Circular No. 12/2017-Customs and Notification No. 26/2017-CUS(NT) dated 31 March 2017 as the administrative instruments explaining the legislative changes and directs Trade Associations and Chambers of Commerce to circulate these instruments to their members for compliance and operational guidance.
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