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Self-declaration to ease biz
Mint Kolkata
|February 04, 2025
The amendment enables businesses to self-assess tax obligations and make corrections in case of errors
The Centre has introduced a major simplification to customs procedures through an amendment in the Finance Bill 2025, aimed at enhancing ease of doing business for importers and exporters. The reform allows businesses to voluntarily revise customs declarations after clearance—either to pay additional duty or claim refunds—without undergoing time-consuming appeal processes.
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