58. Amendment of Amendment of section 17.
In the Customs Act, in section 17,-
(i) in sub-section (2),––
(a) for the words “the self-assessment of such goods”, the words, figures and brackets “the entries made under section 46 or section 50 and the self-assessment of goods referred to in sub-section (1)” shall be substituted;
(b) the following proviso shall be inserted, namely:-
“Provided that the selection of cases for verification shall primarily be on the basis of risk evaluation through appropriate selection criteria.”;
(ii) in sub-section (3), for the words “verification of self-assessment”, the words “the purposes of verification” shall be substituted;
(iii) in sub-section (5), the words “regarding valuation of goods, classification, exemption or concessions of duty availed consequent to any notification issued therefor under this Act” shall be omitted;
(iv) sub-section (6) shall be omitted.
Notes on Clauses:
Clause 58 of the Bill seeks to amend section 17 of the Customs Act so as to broaden the scope of verification by the proper officer to include all aspects of declarations made in the bill of entry or shipping bill in addition to self-assessment. It is further proposed to provide for the risk based selection of self-assessment. The scope of re-assessment is also proposed to be broadened beyond valuation, classification and exemption or concessions of duty availed consequent to any notification issued therefor under this Act.
