AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.Finance Act, 2017
AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.Finance Act, 2017
Import duty payment deadlines updated; late payment attracts government-fixed interest published in the Official Gazette under Customs law. Amendment prescribes payment of import duty on presentation of the bill of entry for self-assessment, within one day (excluding holidays) when the bill is ... Summary
Import duty payment deadlines updated; late payment attracts government-fixed interest published in the Official Gazette under Customs law.
Amendment prescribes payment of import duty on presentation of the bill of entry for self-assessment, within one day (excluding holidays) when the bill is returned after assessment, reassessment or provisional assessment, or on a due date as specified by rules for deferred payment; failure to pay within the time attracts interest on unpaid or short-paid duty until payment, at a government-fixed rate notified in the Official Gazette, with a minimum and maximum percentage limit.
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