{"act":{"id":"finance-act-2018","short_title":"The Finance Act, 2018","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2018-2019.","act_number":"13","act_year":2018,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":227,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2018/"},"unit":"section","section":{"number":"61","heading":"Amendment of section 18","text":"Amendment of section 18 61. In the Customs Act, in section 18,— (i) | in sub-section (1), in the opening portion, after the word and figures \"section 46\", the words and figures \"and section 50\" shall be inserted; (ii) | after sub-section (1), the following sub-section shall be inserted, namely:— \"(1A) Where, pursuant to the provisional assessment under sub-section (1), if any document or information is required by the proper officer for final assessment, the importer or exporter, as the case may be, shall submit such document or information within such time, and the proper officer shall finalise the provisional assessment within such time and in such manner, as may be prescribed.''; (iii) | in sub-section (3), for the figures and letters \"28AB\", the figures and letters \"28AA\" shall be substituted and shall be deemed to have been substituted retrospectively with effect from the 8th day of April, 2011.","html":"<p><b>Amendment of section 18</b></p><p><b>61. </b>In the Customs Act, in section 18,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (1), in the opening portion, after the word and figures \"section 46\", the words and figures \"and section 50\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after sub-section (1), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>1A</i>) Where, pursuant to the provisional assessment under sub-section (1), if any document or information is required by the proper officer for final assessment, the importer or exporter, as the case may be, shall submit such document or information within such time, and the proper officer shall finalise the provisional assessment within such time and in such manner, as may be prescribed.'';</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>in sub-section (3), for the figures and letters \"28AB\", the figures and letters \"28AA\" shall be substituted and shall be deemed to have been substituted retrospectively with effect from the 8th day of April, 2011.</td></tr></table></div>","words":149,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/61/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}