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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION No. 27/2015–Customs (N.T.)
New Delhi, the 1st March, 2015
G.S.R. (E).- In exercise of the powers conferred by sub-clause (iii) of
clause (c) of section 28E of the Customs Act, 1962 (52 of 1962), the Central
Government hereby specifies “resident firm” as class of persons for the purposes
of the said sub-clause.
Explanation. - For the purposes of this notification,-
(a) “firm” shall have the meaning assigned to it in section 4 of the Indian
Partnership Act, 1932 (9 of 1932) , and includes-
- the limited liability partnership as defined in clause (n) of sub-section
(1) of the section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009);
or
- limited liability partnership which has no company as its partner; or
- the sole proprietorship; or
- One Person Company.
(b) (i) “sole proprietorship” means an individual who engages himself in an
activity as defined in sub-clause (a) of section 28E of the Customs Act, 1962.
(ii) “One Person Company” means as defined in clause (62) of section 2 of the
Companies Act, 2013 (18 of 2013).
(c) “resident” shall have the meaning assigned to it in clause (42) of section 2
of the Income-tax Act, 1961 (43 of 1961) in so far as it applies to a resident
firm.
[F. No. 334/5/2015-TRU]
(Akshay Joshi)
Under Secretary to the Government of India
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