Business Standard

Finance Bill: Seeking clarity in Customs laws

It was always difficult for the trade as well as the Customs officers to keep track of the provisions and changes in the allied laws

Image
Premium

TNC Rajagopalan
The Finance Bill, 2018, proposes several amendments to the Customs laws. The changes will come into effect after it is enacted.
 
The Customs enforce the prohibitions/restrictions/obligations relating to import or export of goods under about 40 allied laws such as those relating to environment, trademark and so on. It was always difficult for the trade as well as the Customs officers to keep track of the provisions and changes in the allied laws. So, the Finance Bill proposes that these allied laws will be executed only if such prohibitions/restrictions/obligations are notified under the Customs laws, subject to such exceptions/modifications/adaptations
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in