Customs Act 1962

Miscellaneous

¹[Section 143AA. Power to simplify or provide different procedure, etc., to facilitate trade  (Relevant Updates)

Notwithstanding anything contained in any other provision of this Act, the Board may, for the purposes of facilitation of trade, take such measures or prescribe separate procedure or documentation for a class of importers or exporters or ²[any other persons,] or for categories of goods or on the basis of the modes of transport of goods, in order to,'

(a) maintain transparency in the import and export  documentation; or

(b) expedite clearance or release of goods entered for import or export; or

(c) reduce the transaction cost of clearance of importing or exporting goods; or

(d) maintain balance between customs control and facilitation of legitimate trade.]

1. Inserted Vide Section 97 of the Finance Act 2018

2. Inserted Vide Section 102 of the Finance Act 2024