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Section92
The Finance Act, 2025

Amendment of section 18

In force Act 7 of 2025 As on 05 Oct 2026

Act 7 of 2025 Ministry Finance Enacted 16 Aug 2025

Section 92 of the Finance Act, 2025 deals with amendment of section 18. CHAPTER IV INDIRECT TAXES Customs Amendment of section 18. The Act was enacted on 16 Aug 2025.

CHAPTER IV

INDIRECT TAXES

Customs

Amendment of section 18.

92. In the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs Act), in section 18,—

(a)in sub-section (1), for the words "the proper officer may direct that the duty leviable on such goods, be assessed provisionally", the following shall be substituted, namely:—
"the proper officer may assess the duty leviable on such goods, provisionally,";
(b)in sub-section (1A), for the words "within such time and in such manner", the words "in such manner" shall be substituted;
(c)after sub-section (1A), the following sub-sections shall be inserted, namely:—
"(1B) The proper officer shall finalise the duty provisionally assessed, within two years from the date of such assessment under sub-section (1):
Provided that the Principal Commissioner of Customs or the Commissioner of Customs may, on sufficient cause being shown and for reasons to be recorded in writing, extend the said period to a further period of one year:
Provided further that in respect of any provisional assessment pending under sub-section (1) as on the date on which the Finance Bill, 2025 receives the assent of the President, the said period of two years shall be reckoned from the date on which the said Finance Bill receives the assent of the President.
(1C) Where the proper officer is unable to assess the duty finally within the time specified under sub-section (1B) for the reason that—
(a)an information is being sought from an authority outside India through a legal process; or
(b)an appeal in a similar matter of the same person or any other person is pending before the Appellate Tribunal or the High Court or the Supreme Court; or
(c)an interim order of stay has been issued by the Appellate Tribunal or the High Court or the Supreme Court; or
(d)the Board has, in a similar matter, issued specific direction or order to keep such matter pending; or
(e)the importer or exporter has a pending application before the Settlement Commission or the Interim Board,
the proper officer shall inform the importer or exporter concerned, the reason for non-finalisation of the provisional assessment and in such case, the time specified in sub-section (1B) shall apply not from the date of the provisional assessment but from the date when such reason ceases to exist.".
Section 92, The Finance Act, 2025 (Act 7 of 2025).

Cross-references

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

This section refers to

  1. s. 18 Amendment of section 80-IAC

Questions about Section 92

What does Section 92 of the Finance Act deal with?

Section 92 of the Finance Act is headed "Amendment of section 18". CHAPTER IV INDIRECT TAXES Customs Amendment of section 18.

How do I find court cases under Section 92 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 2025 92, section 92 Finance Act 2025, section 92 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 92 of the Finance Act, and has it changed?

Its own text turns on section 18 (Amendment of section 80-IAC), so none of them can safely be read on its own.

When was Section 92 of the Finance Act enacted?

Section 92 of the Finance Act, cited as Finance Act 2025 92, was enacted on 16 Aug 2025 as Act 7 of 2025. 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.