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of <h1>Section 51A of Customs Act: Electronic Cash Ledger Required for Payments, Refunds, and Exemptions Under Specific Conditions.</h1> Section 51A of the Customs Act, 1962, mandates that payments for duties, interest, penalties, fees, or other sums under this Act, the Customs Tariff Act, 1975, or related laws must be credited to an electronic cash ledger. This ledger can be used for subsequent payments under the same laws, following prescribed conditions and timelines. Any remaining balance can be refunded as prescribed. The Board may exempt certain persons or goods from these provisions by notification if deemed necessary. This section was introduced by the Finance Act, 2018, effective from June 1, 2022.
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