18-September-2025
Taxation
 
CBIC sets 2-year period for customs assessments
17-Sep-2025

All provisional assessments under customs will have to be completed within two years as per guidelines notified by the Central Board of Indirect tax and Customs on Tuesday. These rules specifying timelines and procedures for finalising provisional assessments under the Customs Act follow an announcement in the FY26 budget.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/cbic-sets-2-year-period-for-customs-assessments/articleshow/123929784.cms
 
 
 

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