https://www.taxtmi.com/article/detailed?id=13465 Section 18 now requires provisional duty assessments to be finalised within two years, extendable by one year for recorded sufficient cause; pending assessments at enactment run from assent. New Section 18A permits post clearance voluntary revision of entries with self assessment, obliges voluntary payment with interest where duty is under levied and treats excess payment revisions as refund claims under Section 27. The proper officer may verify and re assess revisions, while specified enforcement and audit situations bar revision. en-us Mon, 03 Feb 2025 13:39:54 +0530 Mon, 03 Feb 2025 13:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13465 Section 18 now requires provisional duty assessments to be finalised within two years, extendable by one year for recorded sufficient cause; pending assessments at enactment run from assent. New Section 18A permits post clearance voluntary revision of entries with self assessment, obliges voluntary payment with interest where duty is under levied and treats excess payment revisions as refund claims under Section 27. The proper officer may verify and re assess revisions, while specified enforcement and audit situations bar revision. Articles Budget - Tax Proposals Mon, 03 Feb 2025 13:39:54 +0530 https://www.taxtmi.com/article/detailed?id=13465