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of <h1>Customs Duties Self-Assessment Begins: Importers, Exporters Must File Electronically Per Finance Act 2011; Manual Filing Rarely Allowed.</h1> The circular from the Commissioner of Customs (Import) at Jawaharlal Nehru Custom House outlines the implementation of self-assessment for customs duties as per the Finance Act, 2011. Importers and exporters are now responsible for assessing their duties by filing electronic Bills of Entry or Shipping Bills. Customs officers retain the authority to verify and reassess these declarations if necessary. Changes in Sections 17, 46, and 50 of the Customs Act, 1962, mandate electronic filing, with manual options allowed only in exceptional cases. The circular also mentions upcoming regulations and emphasizes the importance of compliance to ensure smooth customs operations.
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