Insertion of new section 18A.93. After section 18 of the Customs Act, the following section shall be inserted, namely:-"18A. Voluntary revision of entry, post clearance.-(1) Notwithstanding anything contained in section 149, the importer or exporter of the goods, after the clearance, may revise an entry already made in relation to the goods, in such form and manner, within such time and subject to such conditions as may be prescribed.(2) On revising the entry under sub-section (1), the importer or exporter of the goods shall self-assess the duty.(3) Where the revised entry and self-assessment made under sub-sections (1) and (2) results in-
(a)
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any duty short-levied, not levied, short-paid or not paid, then the same may be paid voluntarily by the importer or exporter of such goods along with the interest under section 28AA;
(b)
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duty paid in excess of that payable on such goods or whole of the duty paid, requiring refund, then, such revised entry shall be deemed to be a claim for refund under section 27.
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