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