Amendment of section 28AAA.
107. In section 28AAA of the Customs Act, in sub-section (1),––
(a) for the words “by such person”, the words “or any other law, or any scheme of the Central Government, for the time being in force, by such person” shall be substituted;
(b) after the words “the rules”, the words “or regulations” shall be inserted;
(c) in Explanation 1, for the words “with respect to”, the words, figures and letter “or duty credit issued under section 51B, with respect to” shall be substituted.
Notes on Clauses:
Clause 107 of the Bill seeks to amend section 28AAA of the Customs Act so as to provide for recovery of duty from a person against utilisation of instruments issued under any other law, or under any scheme of the Central Government, for the time being in force, in addition to the Foreign Trade (Development and Regulation) Act, 1992. It also seeks to expand the scope of the term “instrument” to include duty credit issued under section 51B.
