https://www.taxtmi.com/acts?id=48508 Amendments to section 18 rephrase provisional assessment authority, introduce sub-section (1B) requiring finalisation of provisional assessments within two years subject to a one year extension for sufficient cause, and add sub-section (1C) listing specific grounds that suspend that period (foreign information requests, pending appeals or stays, Board directions, and Settlement Commission or Interim Board applications), with a duty on the proper officer to inform the importer or exporter and to commence the time-limit when the reason for suspension ceases. en-us Sat, 01 Feb 2025 14:50:48 +0530 Sat, 01 Feb 2025 14:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48508 Amendments to section 18 rephrase provisional assessment authority, introduce sub-section (1B) requiring finalisation of provisional assessments within two years subject to a one year extension for sufficient cause, and add sub-section (1C) listing specific grounds that suspend that period (foreign information requests, pending appeals or stays, Board directions, and Settlement Commission or Interim Board applications), with a duty on the proper officer to inform the importer or exporter and to commence the time-limit when the reason for suspension ceases. Act-Rules Bills Sat, 01 Feb 2025 14:50:48 +0530 https://www.taxtmi.com/acts?id=48508