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
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
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