TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2025 amends Customs Act 1962: New time limits, voluntary revisions, and power transfers to Interim Board.</h1> The Finance Bill, 2025 introduces several amendments to the Customs Act, 1962. Key changes include the insertion of a new sub-section in Section 18, establishing a two-year time limit for finalizing provisional assessments, extendable by one year. A new Section 18A allows voluntary revision of entries post-clearance. Section 27 clarifies the limitation period for refund claims as one year from duty payment. New clauses and explanations are added to Sections 28, 127A, 127B, 127C, 127D, 127F, 127G, and 127H, mainly transferring powers and functions from the Settlement Commission to an Interim Board, and setting deadlines for application submissions.
TaxTMI 
TaxTMI 