Electronic cash ledger system governs customs payments, refunds, and limited exemptions for specified classes and goods. Payment of duty, interest, penalty, fee or any other sum payable under the Customs Act, the Customs Tariff Act, 1975, or any other law, when made through an authorised mode, is credited to the person's electronic cash ledger subject to prescribed conditions and restrictions. Amounts in the ledger may be used for such payments in the prescribed manner, within the prescribed time, and any balance may be refunded in the prescribed manner. The Board may also exempt specified classes of persons or categories of goods by notification.
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.
Electronic cash ledger system governs customs payments, refunds, and limited exemptions for specified classes and goods.
Payment of duty, interest, penalty, fee or any other sum payable under the Customs Act, the Customs Tariff Act, 1975, or any other law, when made through an authorised mode, is credited to the person's electronic cash ledger subject to prescribed conditions and restrictions. Amounts in the ledger may be used for such payments in the prescribed manner, within the prescribed time, and any balance may be refunded in the prescribed manner. The Board may also exempt specified classes of persons or categories of goods by notification.
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