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of <h1>Finance (No. 2) Bill, 2024 Updates Customs Act: Self-Certification, Warehouse Restrictions, and Broader Trade Facilitation.</h1> The Finance (No. 2) Bill, 2024 introduces amendments to the Customs Act, 1962, effective upon enactment. Section 28DA is revised to accept various proofs of origin in line with new trade agreements allowing self-certification. A new proviso in Section 65 authorizes the Central Government to restrict certain manufacturing operations in warehouses. Amendments to Sections 143AA and 157 substitute 'a class of importers or exporters' with 'a class of importers or exporters or any other persons' to facilitate trade. These changes align with the Union Budget 2024-25 objectives.
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