Introduction of a Legislative Amendment Bill to amend the Customs Act, 1962 (52 of 1962) with retrospective effect to validate Show Cause Notices issued for demand of Customs duty.

Introduction of a Legislative Amendment Bill to amend the Customs Act, 1962 (52 of 1962) with retrospective effect to validate Show Cause Notices issued for demand of Customs duty. https://www.taxtmi.com/news?id=2029 A retrospective amendment is proposed to recognise specified customs officers as proper officers for assessment, thereby validating Show Cause Notices these officers issued and addressing a judicial ruling that restricted notice issuing competence to officers expressly assigned assessment and re assessment functions in the import jurisdiction, with the stated aim of protecting revenue and settling pending proceedings. en-us Thu, 21 Jul 2011 14:34:58 +0530 Thu, 21 Jul 2011 14:34:58 +0530 TaxTMI RSS Generator Introduction of a Legislative Amendment Bill to amend the Customs Act, 1962 (52 of 1962) with retrospective effect to validate Show Cause Notices issued for demand of Customs duty. https://www.taxtmi.com/news?id=2029 A retrospective amendment is proposed to recognise specified customs officers as proper officers for assessment, thereby validating Show Cause Notices these officers issued and addressing a judicial ruling that restricted notice issuing competence to officers expressly assigned assessment and re assessment functions in the import jurisdiction, with the stated aim of protecting revenue and settling pending proceedings. News - Thu, 21 Jul 2011 14:34:58 +0530 https://www.taxtmi.com/news?id=2029