In response to my column last week on Union Budget proposals in Customs law, readers have raised some issues. I deal here with some of these.
A reader feels there is actually no change in Section 46 of the Customs Act. Even earlier, interest was levied on delay in paying duty, from the date of bill of entry. I’d said the present section does not prescribe any time period within which the bill of entry has to be filed but once the proposed change takes effect, the importer will get only one day from arrival of vessel to do
A reader feels there is actually no change in Section 46 of the Customs Act. Even earlier, interest was levied on delay in paying duty, from the date of bill of entry. I’d said the present section does not prescribe any time period within which the bill of entry has to be filed but once the proposed change takes effect, the importer will get only one day from arrival of vessel to do
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