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Section60
The Finance Act, 2018

Amendment of section 17

In force Act 13 of 2018 As on 10 Oct 2026

Act 13 of 2018 Ministry Finance Cited by 1 provision

Section 60 of the Finance Act, 2018 deals with amendment of section 17. Amendment of section 17 60. In the Customs Act, in section 17,— (i) | in sub-section (2),— (a) | for the words "the self-assessment of such goods", the words, figures and brackets "the entries made under section 46 or section 50 and the self- assessment of goods referred to in sub-section (1)" shall

Amendment of section 17

60. In the Customs Act, in section 17,—

(i)in sub-section (2),—
(a)for the words "the self-assessment of such goods", the words, figures and brackets "the entries made under section 46 or section 50 and the self- assessment of goods referred to in sub-section (1)" shall be substituted;
(b)the following proviso shall be inserted, namely:—
"Provided that the selection of cases for verification shall primarily be on the basis of risk evaluation through appropriate selection criteria.";
(ii)in sub-section (3), for the words "verification of self-assessment", the words "the purposes of verification" shall be substituted;
(iii)in sub-section (5), the words "regarding valuation of goods, classification, exemption or concessions of duty availed consequent to any notification issued therefor under this Act" shall be omitted;
(iv)sub-section (6) shall be omitted.
Section 60, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 17 Amendment of section 47
  2. s. 46 Amendment of section 143
  3. s. 50 Amendment of section 245-O

Referred to by 1

  1. s. 82 Amendment of section 60

Questions about Section 60

What does Section 60 of the Finance Act deal with?

Section 60 of the Finance Act is headed "Amendment of section 17". Amendment of section 17 60. In the Customs Act, in section 17,— (i) | in sub-section (2),— (a) | for the words "the self-assessment of such goods", the words, figures and brackets "the entries made under section 46 or section 50 and the self- assessment of goods referred to in sub-section (1)" shall

How do I find court cases under Section 60 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2018 60, section 60 Finance Act 2018, section 60 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 60 of the Finance Act, and has it changed?

Its own text turns on section 17 (Amendment of section 47), section 46 (Amendment of section 143), section 50 (Amendment of section 245-O), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.