Insertion of new Section 18A of the Customs Act, 1962-Voluntary revision of entry post clearance amo

A new Section 18A is being inserted after Section 18 of the Customs Act, 1962 for voluntary revision of entry post clearance so as the importers and exporters may revise any entry that is made in relation to the goods within a prescribed time and according to certain conditions as may be prescribed. It also provides for treating such entry as self-assessment and allow payment of duty or treat the revised entry as a refund claim under Section 27. It also provides for certain cases where this section will not apply.