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of <h1>Section 47 of Customs Act: Clearance Process for Imported Goods, Duty Payment Rules, and Electronic Payment Mandates</h1> Section 47 of the Customs Act, 1962, outlines the process for clearing imported goods for home consumption. It allows the proper officer to permit clearance if the goods are not prohibited and the importer has paid the necessary import duty and charges. The order for clearance can be made electronically based on risk evaluation. The Central Government may allow certain importers to defer duty payment. Importers must pay duty on the bill of entry presentation date or within specified timelines, failing which interest is charged. Electronic payment is mandated for certain importers, and interest waivers can be granted in public interest.
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