<b>T N C Rajagopalan:</b> Budget changes in Customs law

Usually, the Union Budget generates excitement among tax payers, as many amendments to the laws here are made. This time, hardly any changes were made in the excise and service tax laws, to be phased out when the goods and services tax laws will replace these in the next few months. However, the Finance Bill proposes a few changes in the Customs law, which is set to continue. 

Sub-section (3) of Section 46 of the Customs Act is being substituted, to make it mandatory to file a bill of entry before the end of the next day after the one (excluding