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of <h1>Customs Act Section 28B: Excess Duty Collected Must Be Deposited with Government, Even for Exempt Goods.</h1> Under Section 28B of the Customs Act, 1962, individuals liable to pay customs duty who collect excess amounts from buyers must deposit these excess amounts with the Central Government. This applies even if the goods are exempt from duty or subject to a nil rate. If the excess amount is not paid, a notice is issued to the liable person to explain why the amount should not be paid. After consideration, the proper officer determines the due amount, which is then adjusted against the duty payable. Any surplus after adjustment may be credited to a fund or refunded to the person who bore the cost.
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