TMI BlogNotes on clauses - CustomsX X X X Extracts X X X X X X X X Extracts X X X X ..... Bill seeks to amend section 18 of the Customs Act relating to provisional assessment of duty. In case an importer or exporter is unable to make self-assessment, he may request customs officer to assess the goods by following the procedure of provisional assessment. Clause 39 of the Bill seeks to amend section 19 of the Customs Act relating to determination of duty where goods consist of articles liable to different rates of duty so as to align the same with the proposed scheme of self-assessment provided by section 17 of the aforesaid Act. Clause 40 of the Bill seeks to substitute sub-section (1) of section27 of the Customs Act relating to claim for refund of duty or interest so as to provide for uniform limitation period of one y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Clause 46 of the Bill seeks to amend section 110A of the Customs Act relating to provisional release of goods, documents and things seized pending adjudication so as to empower the adjudicating authority to allow release of seized goods instead of the Commissioner of Customs, as at present. Clause 47 of the Bill seeks to amend section 124 of the Customs Act relating to issue of show cause notice before confiscation of goods, etc., so as to provide for issuance of notice with the prior approval of the officer of customs not below the rank of an Assistant Commissioner of Customs instead of the Deputy Commissioner of Customs as at present. This amendment will align with the relevant provisions of the Central Excise laws. Clause 48 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal or Court hearing such appeal, application, revision or reference shall have regard to the orders or instructions or directions issued under sub-section (1) and the circumstances under which appeal, application, revision or reference was not filed by the Commissioner of Customs. It is also proposed to provide that every order or instruction or direction issued by the Central Board of Excise and Customs on or after the 20th day of October, 2010, but before the date on which the Finance Bill, 2011 receives the assent of the President, fixing monetary limits for filing of appeal, application, revision or reference shall be deemed to have been issued under sub-section (1), and the provisions of sub-sections (2), (3) and (4) shall apply acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estriction or procedure for import or export of goods. Clause 52 of the Bill seeks to amend section 157 of the Customs Act relating to general power to make regulations by inserting a new clause (d) in sub-section (2) so as to empower the Board to specify the manner of conducting audit of assessment including at the premises of the importer or exporter. Clause 53 of the Bill seeks to amend certain notifications issued under sub-section (1) of section 25 of the Customs Act, 1962 so as to allow benefits of reward schemes, namely, Served From India Scheme , Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Product Scheme) , Focus market Scheme and Focus Product Scheme , on goods exported towards fulfilment of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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