Section 76 of Finance Act 2018 : Amendment of section 46 Customs Act

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

Section 76 of Finance Act 2018

[Section 76 of Finance Act 2018 deals with Amendment of section 46 and is covered in CHAPTER IV INDIRECT TAXES]

Amendment of section 46

76. In the Customs Act, in section 46,—

(i)in sub-section (1),—
(a)after the word “electronically”, at both the places where it occurs, the words “on the customs automated system” shall be inserted;
(b)for the words “in the prescribed form”, the words “in such form and manner as may be prescribed” shall be substituted;
(ii)in sub-section (3), in the first proviso, for the words “within thirty days of”, the words “at any time not exceeding thirty days prior to” shall be substituted;
(iii)in sub-section (4), for the words “relating to the imported goods”, the words “and such other documents relating to the imported goods as may be prescribed” shall be substituted;
(iv)after sub-section (4), the following sub-section shall be inserted, namely:—
“(4A) The importer who presents a bill of entry shall ensure the following, namely:—
(a)the accuracy and completeness of the information given therein;
(b)the authenticity and validity of any document supporting it; and
(c)compliance with the restriction or prohibition, if any, relating to the goods under this Act or under any other law for the time being in force.”.

Finance Act 2018 : Assented by President : Download Print Notification


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