{"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":"64","heading":"Amendment of section 28E","text":"Amendment of section 28E 64. In the Customs Act, in section 28E,— (i) | clause (a) shall be omitted; (ii) | for clause (b), the following clause shall be substituted, namely:— '(b) \"advance ruling\" means a written decision on any of the questions referred to in section 28H raised by the applicant in his application in respect of any goods prior to its importation or exportation;'; (iii) | after clause (b), the following clause shall be inserted, namely:— '(ba) \"Appellate Authority\" means the Authority for Advance Rulings constituted under section 245-O of the Income-tax Act, 1961 (43 of 1961);'; (iv) | for clause (c), the following clause shall be substituted, namely:— '(c) \"applicant\" means any person,— (i) | holding a valid Importer-exporter Code Number granted under section 7 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) ; or (ii) | exporting any goods to India; or (iii) | with a justifiable cause to the satisfaction of the Authority, who makes an application for advance ruling under section 28H;'; (v) | for clause (e), the following clause shall be substituted, namely:— '(e) \"Authority\" means the Customs Authority for Advance Rulings appointed under section 28EA;'; (vi) | in clause (f), for the word \"Authority\", the words \"Appellate Authority\" shall be substituted; (vii) | in clause (g), for the word \"Authority\", the words \"Appellate Authority\" shall be substituted.","html":"<p><b>Amendment of section 28E</b></p><p><b>64</b>. In the Customs Act, in section 28E,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>clause (<i>a</i>) shall be omitted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for clause (<i>b</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>b</i>) \"advance ruling\" means a written decision on any of the questions referred to in section 28H raised by the applicant in his application in respect of any goods prior to its importation or exportation;';</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>after clause (<i>b</i>), the following clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>ba</i>) \"Appellate Authority\" means the Authority for Advance Rulings constituted under section 245-O of the Income-tax Act, 1961 (43 of 1961);';</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>for clause (<i>c</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>c</i>) \"applicant\" means any person,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>holding a valid Importer-exporter Code Number granted under section 7 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) ; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>exporting any goods to India; or</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>with a justifiable cause to the satisfaction of the Authority,</td></tr><tr><td></td><td></td><td>who makes an application for advance ruling under section 28H;';</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>v</i>)</td><td></td><td>for clause (<i>e</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'(<i>e</i>) \"Authority\" means the Customs Authority for Advance Rulings appointed under section 28EA;';</td></tr><tr><td>(<i>vi</i>)</td><td></td><td>in clause (<i>f</i>), for the word \"Authority\", the words \"Appellate Authority\" shall be substituted;</td></tr><tr><td>(<i>vii</i>)</td><td></td><td>in clause (<i>g</i>), for the word \"Authority\", the words \"Appellate Authority\" shall be substituted.</td></tr></table></div>","words":229,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/64/","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."}