Major changes introduced in Section 46 & 47, Customs Act, 1962

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....962 Kind attention of Importers/ Customs Brokers and the trading public is invited to changes made in Customs Act, 1962 subsequent to enactment of Finance Act. Kind attention is also invited to Board Circular No. 012/2017- Customs dt. 31st March, 2017 and Non Tariff Notifications 24-28/2017 - Cus (NT) dt. 31st March,2017. 2. The major changes introduced in Section 46 & 47, Customs Act, 1962 has ....

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....l of Container and its ICEGATE as COCH102. In case of multiple containers arriving at a different periods, the arrival of the earliest container is taken for the purpose of calculation of late presentation charges. The charges are calculated as a part of Fine in ICES and would be printed separately in the First Copy of BE. As per power vested in second provision to Section 46(3) of Customs Act, ....