Levy of Customs duty on notional interest on advance payments made to the foreign supplier/parties on import of goods

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..... y of Finance (Department of Revenue) Central Board of Excise Customs New Delhi Subject : Levy of Customs duty on notional interest on advance payments made to the foreign supplier/parties on import of goods. The Board has received representations from several importers regarding the levy of customs duty on notional interest on advance payments made to the foreign suppliers/parties .....

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