https://www.taxtmi.com/circulars?id=68099 Proposed Union Budget 2025 measures revise customs tariff lines and rates and amend customs, central excise and CGST law. Key features include provisional notifications bringing specified duty changes into immediate effect, a two year limit (with limited extension) for finalisation of provisional assessments, a new voluntary post clearance revision mechanism for import/export entries, abolition and transitional replacement of the Settlement Commission by Interim Boards, GST provisions enabling a Track and Trace mechanism and ITC distribution rules for reverse charge inter state supplies, and a chapter wise review and renewal of conditional exemptions. en-us Sat, 01 Feb 2025 00:00:00 +0530 Sat, 01 Feb 2025 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68099 Proposed Union Budget 2025 measures revise customs tariff lines and rates and amend customs, central excise and CGST law. Key features include provisional notifications bringing specified duty changes into immediate effect, a two year limit (with limited extension) for finalisation of provisional assessments, a new voluntary post clearance revision mechanism for import/export entries, abolition and transitional replacement of the Settlement Commission by Interim Boards, GST provisions enabling a Track and Trace mechanism and ITC distribution rules for reverse charge inter state supplies, and a chapter wise review and renewal of conditional exemptions. Circulars Customs Sat, 01 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68099