Section 100 of Finance Act 2018 : Amendment of section 157 Customs Act

By | April 1, 2018
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(Last Updated On: April 19, 2018)

Section 100 of Finance Act 2018

[Section 100 of Finance Act 2018 deals with Amendment of section 157 and is covered in CHAPTER IV INDIRECT TAXES]

Amendment of section 157

100 . In the Customs Act, in section 157, in sub-section (2),—

(i)in clause (a), after the word “form”, the words “and manner to deliver or present” shall be inserted;
(ii)for clause (d), the following clauses shall be substituted, namely:—
“(d) the time and manner of finalisation of provisional assessment;
(e) the manner of conducting pre-notice consultation;
(f) the circumstances under which, and the manner in which, supplementary notice may be issued;
(g) the form and manner in which an application for advance ruling or appeal shall be made, and the procedure for the Authority, under Chapter VB;
(h) the manner of clearance or removal of imported or export goods;
(i) the documents to be furnished in relation to imported goods;
(j) the conditions, restrictions and the manner of making deposits in electronic cash ledger, the utilisation and refund therefrom and the manner of maintaining such ledger;
(k) the manner of conducting audit;
(l) the goods for controlled delivery and the manner thereof;
(m) the measures and separate procedure or documentation for a class of importers or exporters or categories of goods or on the basis of the modes of transport of goods.”.

Finance Act 2018 : Assented by President : Download Print Notification


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