CBIC issues Circular on New Changes as per Finance Act, 2022 [Read Circular]
![CBIC issues Circular on New Changes as per Finance Act, 2022 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/04/CBIC-Circular-New-Changes-Finance-Act-Taxscan.jpg "CBIC issues Circular on New Changes as per Finance Act, 2022 [Read Circular]")
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular regarding the new changes as per the Finance Act, 2022. The circular issued on 31st March 2022 explains the changes in the Customs Act, 1962 vide Sections 86, 87, 88 and 94 of the Finance Act, 2022 (enacted on March 30, 2022) and notifications related thereto with reference to the appointment of officers of...
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular regarding the new changes as per the Finance Act, 2022.
The circular issued on 31st March 2022 explains the changes in the Customs Act, 1962 vide Sections 86, 87, 88 and 94 of the Finance Act, 2022 (enacted on March 30, 2022) and notifications related thereto with reference to the appointment of officers of customs and assignment of functions.
Changes have been made in sub-section (34) of section 2 of the Customs Act, more classes of officers of customs have been specified in section 3, new sub-sections (1A), (1B), (4) and (5) inserted under Section 5, and a new section 110AA inserted relating to action subsequent to inquiry, investigation or audit which applies in specified situations.
As per the new circular, the previous circulars/instructions stand modified and suitable action(s) should be initiated/taken immediately in the light of above changes/provisions of law, and the Customs Act, 1962.
To Read the full text of the Order CLICK HERE
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