https://www.taxtmi.com/article/detailed?id=7847 The Bill expands the definition of assessment to include tariff classification, value, exemptions, physical specifics, origin and other factors affecting dutiability and explicitly covers provisional, self, re-assessment and NIL assessments; requires importers/exporters to provide documents for finalisation of provisional assessments; mandates pre-notice consultation and allows prescribed supplementary notices and extensions with deeming consequences; provides for recovery of excess refunds with interest; introduces transitional protection for earlier notices; and overhauls the Advance Rulings regime by creating a Customs Authority for Advance Rulings, specifying admissible questions, fees, timelines, appeal procedures and Appellate Authority powers. en-us Thu, 01 Feb 2018 19:31:20 +0530 Fri, 02 Feb 2018 12:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7847 The Bill expands the definition of assessment to include tariff classification, value, exemptions, physical specifics, origin and other factors affecting dutiability and explicitly covers provisional, self, re-assessment and NIL assessments; requires importers/exporters to provide documents for finalisation of provisional assessments; mandates pre-notice consultation and allows prescribed supplementary notices and extensions with deeming consequences; provides for recovery of excess refunds with interest; introduces transitional protection for earlier notices; and overhauls the Advance Rulings regime by creating a Customs Authority for Advance Rulings, specifying admissible questions, fees, timelines, appeal procedures and Appellate Authority powers. Articles Budget - Tax Proposals Thu, 01 Feb 2018 19:31:20 +0530 https://www.taxtmi.com/article/detailed?id=7847