AMENDMENT TO THE CUSTOMS ACT, 1962

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.... a duty of customs that is levied under Section 124 of the Finance Act, 2021. (c) "Social Welfare Surcharge (SWS)" means a duty of customs that is levied under Section 110 of the Finance Act, 2018. (d) Clause Nos. in square brackets [ ] indicate the relevant clause of the Finance Bill, 2026. (e) Amendments carried out through the Finance Bill, 2026, will come into effect on the date of its e....

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..... Sub-section (2) of section 28J is being amended so as to provide that advance ruling under sub-section (1) of that section shall remain valid for a period of five years or till there is a change in law or facts on the basis of which the advance ruling has been pronounced, whichever is earlier. The proviso to the said sub-section is also being substituted so as to provide that in respect of any....

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.... fishing vessel including its declaration, custody, examination, assessment of duty, clearance, transit or transhipment. [133] 6. In the Customs Act, for section 67, the following section shall be substituted, namely: - "67. The owner of any warehoused goods may remove them from one warehouse to another, subject to such conditions as may be prescribed.". The proposed section seeks to do away w....