Centre introduces Bill in Lok Sabha to amend Customs & Central Excise laws, aligning with GST

Centre introduces Bill in Lok Sabha to amend Customs Act, Customs Tariff Act, Central Excise Act, Finance Acts 2001 & 2005 and to repeal certain enactments; Proposes to insert Sections 108A and 108B in Customs Act, thereby imposing an obligation on any person being – (i) local authority / public body / association, (ii) authority of State Govt. responsible for collecting VAT / sales tax, (iii) Income Tax authority, (iv) banking company, cooperative bank, financial insti...