35. In section 2 of the Customs Act, 1962 (52 of 1962.) (hereinafter referred to as the Customs Act), for clause (2), the following clause shall be substituted, namely:—
‘(2) “assessment” includes provisional assessment, self-assessment, re-assessment and any assessment in which the duty assessed is nil;’.
Notes on Clauses:
Clause 35 of the Bill seeks to amend section 2 of the Customs Act relating to definitions. Clause (2) of the said section defines the expression “assessment” and the said definition is proposed to be re-defined so as to introduce therein “self-assessment” also.
