https://www.taxtmi.com/acts?id=12081 Recovery of unpaid or underpaid customs duties and erroneously refunded amounts is reorganised to separate ordinary cases from those involving collusion or wilful mis-statement. For non-culpable cases, the proper officer must issue a show cause notice within one year from the relevant date, subject to voluntary payment and recomputation rules for shortfalls; for cases involving collusion or suppression, a five year notice period applies, with provision for payment of duty, interest and a penalty and procedures for determination, finality if paid in full, and recomputation if short. en-us Wed, 02 Mar 2011 16:25:40 +0530 Sat, 07 Mar 2015 17:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12081 Recovery of unpaid or underpaid customs duties and erroneously refunded amounts is reorganised to separate ordinary cases from those involving collusion or wilful mis-statement. For non-culpable cases, the proper officer must issue a show cause notice within one year from the relevant date, subject to voluntary payment and recomputation rules for shortfalls; for cases involving collusion or suppression, a five year notice period applies, with provision for payment of duty, interest and a penalty and procedures for determination, finality if paid in full, and recomputation if short. Act-Rules Bills Wed, 02 Mar 2011 16:25:40 +0530 https://www.taxtmi.com/acts?id=12081