The Synthetic & Rayon Textiles Export Promotion Council

Clarification regarding legislative changes relating to Customs Act, 1962 proposed in the Finance Bill, 2017

 Circular No.ES/02/2017-18                                                                           April 03, 2017

To: Members of the Council

Sub: Clarification regarding legislative changes relating to Customs Act, 1962 proposed in the Finance Bill, 2017        

Dear Member,

CBEC has issued  Circular No. 12/2017- Customs  dated 31.03.2017 on the above subject.

Kind reference is invited of the members of trade to proposals in the Finance Bill, 2017 relating to amendments in sections 46 and 47 of the Customs Act, 1962 regarding the  Bill of Entry (BOE).

These changes shall come into effect upon enactment of the said Finance Bill.

For more information regarding the changes in Section 46 and 47 of the Customs Act, 1962.  you may kindly refer to Circular No. 12/ 2017.

Thanking you,

V.ANIL KUMAR
EXECUTIVE DIRECTOR