Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
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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