Newsletter/Booklets 1st Feb 2025

Budget Buzz – Streamlining Customs: Time Limits introduced for Provisional Assessments

Authors

Rohit JainDeputy Managing Partner | Mumbai
Adarsh SomaniPartner | Mumbai
Mohammad Asif MansooryPartner | Mumbai
Sweta RajanPartner | Mumbai

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In the Union Budget 2025, the Hon’ble Finance Minister has proposed an amendment to Section 18 of the Customs Act, 1962, introducing a definitive time frame for the finalization of provisional assessments.

Read our Budget Buzz on this

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