https://www.taxtmi.com/acts?id=50547 Amendments require the proper officer to provisionally assess duty and to finalise such provisional assessments within two years, with a possible one year extension by the Principal Commissioner or Commissioner for sufficient cause; pending assessments on enactment are reckoned from presidential assent. Specified grounds-foreign information requests by legal process, pending appeals or stays, Board directions, and pending Settlement Commission or Interim Board applications-allow suspension of the finalisation period, provided the proper officer informs the importer or exporter and the two year period then runs from cessation of the reason for delay. en-us Tue, 01 Apr 2025 14:10:29 +0530 Wed, 02 Apr 2025 18:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50547 Amendments require the proper officer to provisionally assess duty and to finalise such provisional assessments within two years, with a possible one year extension by the Principal Commissioner or Commissioner for sufficient cause; pending assessments on enactment are reckoned from presidential assent. Specified grounds-foreign information requests by legal process, pending appeals or stays, Board directions, and pending Settlement Commission or Interim Board applications-allow suspension of the finalisation period, provided the proper officer informs the importer or exporter and the two year period then runs from cessation of the reason for delay. Act-Rules F. Acts / Amendment Acts Tue, 01 Apr 2025 14:10:29 +0530 https://www.taxtmi.com/acts?id=50547