Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 71/2025-Customs (N.T.), providing clarity on the revision of entries under Section 18A of the Customs Act, 1962. The new rule specifies that no revision of entry shall be made in cases where any benefit availed under an instrument-based scheme-notified under the Foreign Trade (Development and Regulation) Act, 1992-or any notification issued under Section 25(1) of the Customs Act, 1962, is to be reversed, if a sepa
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FAQ :
The CBIC has clarified that if a specific procedure for reversing benefits under an instrument-based scheme or a customs notification already exists, the general rule for entry revision will not apply.
The clarification is related to Section 18A of the Customs Act, 1962, specifically concerning the revision of entries.
These changes will come into effect from November 1, 2025.
This notification applies to benefits availed under instrument-based schemes notified under the Foreign Trade (Development and Regulation) Act, 1992, or any notification issued under Section 25(1) of the Customs Act, 1962.
The clarification is expected to bring procedural uniformity and ease of compliance for importers and exporters dealing with various customs-related benefit schemes.
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