Electronic cash ledger system governs customs duty, interest, penalty payments, refunds, and limited notification-based exemptions.

Insertion of Chapter VIIA introduces payment through an electronic cash ledger for customs-related duty, interest, penalty, fee and other sums payable under the Customs Act, the Customs Tariff Act, or other applicable laws. Authorised deposits are to be credited to the ledger, which may then be used for such payments in the prescribed manner, subject to prescribed conditions and time limits. Any remaining balance may be refunded as prescribed, and the Board may exempt specified classes of persons or categories of goods by notification.

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