Section 74 of Finance Act 2018 : Amendment of section 41 Customs Act

By | April 1, 2018
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(Last Updated On: April 18, 2018)

Section 74 of Finance Act 2018

[Section 74 of Finance Act 2018 deals with Amendment of section 41 and is covered in CHAPTER IV INDIRECT TAXES]

Amendment of section 41

74 . In the Customs Act, in section 41, in sub-section (1),—

(i)after the words “export goods”, the words “or imported goods” shall be inserted;
(ii)for the words “the prescribed form”, the following shall be substituted, namely:—
“such form and manner as may be prescribed and in case, the person-in- charge fails to deliver the departure manifest or export manifest or the export report or any part thereof within such time, and the proper officer is satisfied that there is no sufficient cause for such delay, such person-in-charge shall be liable to pay penalty not exceeding fifty thousand rupees”.

Finance Act 2018 : Assented by President : Download Print Notification


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