Customs restricted to reopen assessment of consignment

Customs restricted to reopen assessment of consignment

ISLAMABAD: The customs authorities have been restricted to reopen the assessment of consignment clearance within three years on the basis of incorrect information.

Through Tax Laws (Third Amendment) Ordinance, 2021, which was promulgated through presidential order on September 15, 2021, an amendment has been made in this regard.

The amendment has been made to subsection 3 of section 80 of the Customs Act, 1969.

Prior to the amendment customs authorities were empowered to reopen cases of any past year while checking the goods declaration.

Following is the amended subsection 3 of Section 80:

(Amended part in red)

“(3) Notwithstanding anything contained in this Act, if during the checking of goods declaration or within three years of its clearance under sub-section (1) of section 83, it is found that any statement in such declaration or document or any information so furnished is not correct in respect of any matter relating to the assessment, the goods shall, without prejudice to any other action which may be taken under this Act, be reassessed to duty, taxes and other charges levied thereon:

Provided that in case of reassessment, a notice shall be served to the importer through Customs Computerized System and opportunity of hearing shall be provided if he so desires.”

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