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🔎 Acts & Rules - Adv. Search
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        F. Acts / Amendment Acts

        Section 101 - Amendment of section 47.

        Finance Act, 2017
        Customs

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        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.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                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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                                ActsIncome Tax
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