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Facility for suo moto payment of customs duty in case of bona fide default in export obligation under the Advance / EPCG authorisations reg.

Customs - 11/2015 - Dated:- 1-4-2015 - Circular No. 11/2015 - Customs F.No. 605/55/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division New Delhi, dated 1st April, 2015 To All .....

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CBEC Ma am/Sir, Subject : Facility for suo moto payment of customs duty in case of bona fide default in export obligation under the Advance / EPCG authorisations - reg. The Ministry has considered the issue of increased interest cost for authorizatio .....

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this regard before being able to deposit the duty involved. It was decided to provide for a procedure that would enable quicker payment thereby reducing the avoidable interest cost for such exporters. 2. After consulting the DGFT, and certain field f .....

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must show, inter alia, the AH s own/self-calculation of the duty payable for the default in EO and interest thereon. (b) During pendency of the detailed calculations by the RA, such an AH may - (i) Deposit, in cash, the own/self-calculated duty amou .....

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update its records; and/or (ii) produce valid duty credit scrip before the Customs Authority at the port where the authorization is registered for debit of the own/self-calculated duty amount. Such scrip should be one issued under Chapter 3 (excludin .....

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stoms Authority shall reflect the debit in Customs records and also suitably endorse it on the scrip. However, the AH shall pay the interest in cash in the designated bank at the port where the authorization is registered. One copy of the paid challa .....

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