https://www.taxtmi.com/acts?id=50612 Voluntary revision of an entry after clearance allows an importer or exporter to revise an already made entry in the prescribed form, manner, time and conditions, notwithstanding section 149. The revised entry requires self-assessment of duty; short-levied, not levied, short-paid or not paid duty may be paid voluntarily with interest, while excess duty paid is treated as a refund claim. The proper officer may verify risk-selected cases and re-assess where self-assessment is incorrect. Revision is barred in specified audit, search, seizure, summons, and refund-related cases. en-us Thu, 03 Apr 2025 12:35:19 +0530 Tue, 16 Jun 2026 12:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50612 Voluntary revision of an entry after clearance allows an importer or exporter to revise an already made entry in the prescribed form, manner, time and conditions, notwithstanding section 149. The revised entry requires self-assessment of duty; short-levied, not levied, short-paid or not paid duty may be paid voluntarily with interest, while excess duty paid is treated as a refund claim. The proper officer may verify risk-selected cases and re-assess where self-assessment is incorrect. Revision is barred in specified audit, search, seizure, summons, and refund-related cases. Act-Rules Customs Thu, 03 Apr 2025 12:35:19 +0530 https://www.taxtmi.com/acts?id=50612