Collection of excess customs duty now triggers an immediate statutory payment obligation to the Central Government. The amendment adds sub-section (1A) to section 28B, mandating that any person who collects amounts in excess of assessed customs duty or any amount ... Summary
Collection of excess customs duty now triggers an immediate statutory payment obligation to the Central Government.
The amendment adds sub-section (1A) to section 28B, mandating that any person who collects amounts in excess of assessed customs duty or any amount representing duty on wholly exempt or nil rated goods shall forthwith pay the amount so collected to the credit of the Central Government, and it revises cross references in the section to incorporate sub section (1A).
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