https://www.taxtmi.com/article/detailed?id=7259 Amendments introduce a statutory beneficial owner definition, add definitions for foreign post office, international courier terminal and passenger name record information, and expand the concept of customs station to include international courier terminals and foreign post offices. Procedural changes allow proper officers to demand documents for self assessment verification, require prompt presentation of bills of entry with prescribed late charges, and specify payment timing for duty with interest for late payment. Advance ruling authority is aligned to the Income Tax Authority, fees and timelines are adjusted, and manifest/PNR delivery obligations with prescribed penalties are imposed. en-us Fri, 03 Feb 2017 08:36:43 +0530 Fri, 03 Feb 2017 08:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7259 Amendments introduce a statutory beneficial owner definition, add definitions for foreign post office, international courier terminal and passenger name record information, and expand the concept of customs station to include international courier terminals and foreign post offices. Procedural changes allow proper officers to demand documents for self assessment verification, require prompt presentation of bills of entry with prescribed late charges, and specify payment timing for duty with interest for late payment. Advance ruling authority is aligned to the Income Tax Authority, fees and timelines are adjusted, and manifest/PNR delivery obligations with prescribed penalties are imposed. Articles Budget - Tax Proposals Fri, 03 Feb 2017 08:36:43 +0530 https://www.taxtmi.com/article/detailed?id=7259