Highlights

Where the cumulative amount of all duties and taxes on a Goods Declaration is equal to, or less than, one hundred rupees, the same shall not be demanded.

Deferment surcharge on collection of custom duties has been reduced to 14% from 15%.

Directorate General of Valuation has been empowered to determine and notify from time to time the rate of customs-duties leviable on different goods.

Value determined by the DG Valuation would not be challengeable.

Scope of Alternative Dispute Resolution has been proposed to be limited to specific cases.

Minimum period to keep the books and record has been extended from three years to five years.

Amendments

	1	Preamble & Definitions
	2	Goods dutibale
	3	Levy of Fee and Service Charges
	4	Minimal Duties Not To Be Demanded
	5	Power to Defer Collection of Customs-Duty
	6	Temporary Export of Imported Plant and Machinery
	7	Power to Determine Value of Goods
	8	Value Determined Not To Be Challenged
	9	Provisional Determination of Liability
	10	Power of Adjudication
	11	Cognizance of Offences by Special Judges
	12	Appeal to Special Appellate Court
	13	Procedure in Appeal
	14	Appellate Tribunal
	15	Appeals to the Appellate Tribunal
	16	Orders of Appellate Tribunal
	17	Procedure of Appellate Tribunal
	18	Alternative Dispute Resolution
	19	Reference to High Court
	20	Recovery of Government Dues
	21	Power to Authorize Expenditure
	22	Customs-House Agents to be Licensed
	23	Maintenance of Record
	24	Transition to Federal Board of Revenue
	25	Special Surcharge