Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Regulations permit voluntary post-clearance revision of customs entries by an authorised person via an electronic application on the common portal, subject to conditions (filed at the port of duty payment, limited to entries from the same original bill, and payment of prescribed fee). Applications may seek only revision or revision plus refund; self-assessment is complete upon portal acknowledgement and payment of any duty and interest. Revised entries are subject to risk-based verification by the proper officer, who may demand supporting documents, re-assess duties, or order refunds; originals must be retained five years and penalties apply for contraventions.
Regulations permit voluntary post-clearance revision of customs entries by an authorised person via an electronic application on the common portal, subject to conditions (filed at the port of duty payment, limited to entries from the same original bill, and payment of prescribed fee). Applications may seek only revision or revision plus refund; self-assessment is complete upon portal acknowledgement and payment of any duty and interest. Revised entries are subject to risk-based verification by the proper officer, who may demand supporting documents, re-assess duties, or order refunds; originals must be retained five years and penalties apply for contraventions.
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