https://www.taxtmi.com/news?id=1635 Introduction of self-assessment in the Customs Act replaces officer-led assessment, with section 17 recast to allow importer/exporter determinations subject to customs verification, examination, reassessment with speaking orders, and audits. Electronic filing is made the norm with exceptions, and provisional assessment provisions are aligned. Amendments also unify refund and demand periods, clarify interest computation, empower adjudicating authorities and supervisory approval for show cause notices, create a first charge for recovery of customs dues, address auction sale proceeds, validate retrospective tariff measures and safeguard duties for specified commodities, and restrict certain imports to defined uses. en-us Mon, 28 Feb 2011 17:34:42 +0530 Wed, 23 Mar 2011 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1635 Introduction of self-assessment in the Customs Act replaces officer-led assessment, with section 17 recast to allow importer/exporter determinations subject to customs verification, examination, reassessment with speaking orders, and audits. Electronic filing is made the norm with exceptions, and provisional assessment provisions are aligned. Amendments also unify refund and demand periods, clarify interest computation, empower adjudicating authorities and supervisory approval for show cause notices, create a first charge for recovery of customs dues, address auction sale proceeds, validate retrospective tariff measures and safeguard duties for specified commodities, and restrict certain imports to defined uses. News - Mon, 28 Feb 2011 17:34:42 +0530 https://www.taxtmi.com/news?id=1635