Upgrade to AI Tools ✕

We've upgraded AI Tools on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     - Overview Summary
     - Governing Provisions [Acts, Notifications, Circulars]
     - Relevant Case Laws
     - Tariff / Classification / HSN
     - Expert views from TaxTMI
     - Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

AMENDMENTS IN THE CUSTOMS ACT 1962

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....ill, 2020 will come into effect on the date of its enactment, unless otherwise specified. S. No. Amendment Clause of the Finance Bill, 2020 1. Clause (f) of the section 11 (2) empowers the Central Government, for prevention of injury to the economy of the country by the uncontrolled import or export of gold or silver, to prohibit their import or export. This clause is being amended to include....

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

..... Pending verification preferential tariff treatment shall be suspended and goods shall be cleared only on furnishing security equal to differential duty. in certain cases, the preferential tariff treatment may be denied without further verification. [108] 4. A new section 51B is being inserted so as to provide for creation of an Electronic Duty Credit Ledger in the customs system. This will en....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

AMENDMENTS IN THE CUSTOMS ACT 1962