Section 69 of Finance Act 2018 : Amendment of section 28K Customs Act

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

Section 69 of Finance Act 2018

[Section 69 of Finance Act 2018 deals with Amendment of section 28K and is covered in CHAPTER IV INDIRECT TAXES]

Amendment of section 28K

69. In the Customs Act, in section 28K, in sub-section (1),—

(i)the brackets and words “(after excluding the period beginning with the date of such advance ruling and ending with the date of order under this sub-section)” shall be omitted;
(ii)the following proviso shall be inserted, namely:—
“Provided that in computing the period of two years referred to in clause (a) of sub-section (1) of section 28, or five years referred to in sub-section (4) thereof, for service of notice for recovery of any duty not levied, short-levied, not paid or short-paid on account of the advance ruling, the period beginning with the date of such advance ruling and ending with the date of the order under this sub-section shall be excluded.”.

Finance Act 2018 : Assented by President : Download Print Notification

 

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