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Notes on clauses-Customs

Notes-02 - Bills - Notes on clauses - FINANCE BILL, 2017 - Notes-02 - Customs Clause 88 of the Bill seeks to amend section 2 of the Customs Act. It is proposed to amend clauses (13), (16), (20) and (26) and to insert new clauses (3A), (20A), (28A) and (30B) therein. Clause 89 of the Bill seeks to amend section 7 of the Customs Act so as to insert new clauses (e) and (f) in subsection (1) to provide for appointment of foreign post offices and international courier terminals. Clause 90 of the Bill .....

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28E of the Customs Act, so as to substitute the definition of Authority in clause (e) of the said section. Clause 93 of the Bill seeks to substitute section 28F of the Customs Act so as to provide that the Authority for Advance Rulings constituted under section 245-O of the Income-tax Act shall be the Authority for giving advance rulings for the purposes of the Customs Act. It further seeks to provide that the Member of the Indian Revenue Service (Customs and Central Excise), who is qualified to .....

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he Bill seeks to omit section 28G of the Customs Act. Clause 95 of the Bill seeks to amend section 28H of the Customs Act so as to enhance the application fee to rupees ten thousand. Clause 96 of the Bill seeks to amend section 28-I of the Customs Act so as to extend the time-limit to six months for the Authority to pronounce its rulings. Clause 97 of the Bill seeks to insert a new section 30A in the Customs Act so as to make it obligatory on the personin- charge of a conveyance that enters Indi .....

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penalty not exceeding fifty thousand rupees as may be prescribed, in case of delay in delivering the information. Clause 98 of the Bill seeks to insert a new section 41A in the Customs Act so as to make it obligatory on the personin- charge of a conveyance that departs from India to a place outside India or any other person as may be specified by the Central Government by notification in the Official Gazette, to deliver to the proper officer the passenger and crew departure manifest and passenge .....

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e next day following the day on which the aircraft or vessel or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or warehousing and that in the case of default, he shall pay such charge for late presentation as may be prescribed. Clause 100 of the Bill seeks to amend section 47 of the Customs Act so as to provide the manner of payment of interest in the case of self-assessed bills of entry or, as the case may be, assessed, reasses .....

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