Rounding off of customs amounts requires fractions of fifty paise or more to be increased to one rupee. Amounts of duty, interest, penalty, fine, refund, drawback, or any other sum payable or due under the Customs Act are rounded off to the nearest rupee. ... Summary
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Rounding off of customs amounts requires fractions of fifty paise or more to be increased to one rupee.
Amounts of duty, interest, penalty, fine, refund, drawback, or any other sum payable or due under the Customs Act are rounded off to the nearest rupee. Fractions of a rupee of fifty paise or more are increased to one rupee, while fractions below fifty paise are ignored.
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