Assessment of Bill of Entry at different Customs station-Functions increased for Superintendent

Assessment of Bill of Entry for imports made at a different Customs station-Functions increased for Superintendent of Customs

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 96 /2020-Customs (N.T.) 

New Delhi, the 12th October , 2020

G.S.R. 629(E).—In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5, read with sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby, makes the following amendments in the Notification of the Government of India, Ministry of Finance, (Department of Revenue) No.50/2020-Customs (N.T.) dated the 5th of June, 2020, published in the Gazette of India Extraordinary, Part II, Section 3, sub-section (i) vide number G.S.R. 352(E) dated 5th June, 2020, namely :-

1. In the said notification, in the Table,-

i. against serial number 1, in column (3), after item (a), the following item shall be inserted, namely :-

“(b) Section 149 (before grant of order for clearance of goods under section 47 or section 68 of the Customs Act, 1962 or before grant of order permitting removal under Section 60 of the Customs Act, 1962, as the case may be) ;”.

2. This notification shall come into force on the date of publication in the Official Gazette.

[F. No 450/26/2019-Cus. IV (Pt)]

ANANTH RATHAKRISHNAN, Dy. Secy. (Customs)

Note: The principal notification number 50/2020-Customs (N.T.), dated the 5th of June, 2020, published in the Gazette of India Extraordinary, Part II, Section 3, sub-section (i) vide number G.S.R. 352(E) dated the 5th of June, 2020.

• Assessee eligible for Chapter VIA deduction u/s 80IE on increased income due to disallownces
• Assessee filing ITR under presumptive tax can’t be faulted for not giving details not mandated
• Sale of flats in a real estate project held capital gains considering intention of assessee
• Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT
• Cash deposits in bank which were immediately transferred to other accounts – addition deleted