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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 47 of Customs Act, 1962 - option for ...

Bill

March 2, 2016

Amendment of section 47 of Customs Act, 1962 - option for deferred payment of duty or other charges in the manner provided by the rules. - to empower the Central Government to fix the rate of interest not below ten per cent. and not exceeding thirty-six per cent. per annum where importer fails to pay import duty either in full or in part within two days from the date specified therein.

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