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Changes in Customs Act,1962, In Budget 2016-2017

The Union Budget 2016-2017 has brought the following Changes  in Customs Act, 1962 : a.Warehousing provisions are being simplified so as to move from physical control to record based control in most of cases. Several other consequential changes are also being made. b.Section 25 of the Customs Act, 1962 being amended 80 also omit the requirement…