Waiver of interest on customs duty: powers delegated to Chief Commissioners and scope expanded to specified import categories. Chief Commissioners of Customs & Central Excise are empowered to grant waiver of interest charged on customs duty for warehoused goods under the Customs Act, and the Board has expanded the categories eligible for waiver consideration to include imports under the EPCG Scheme and import of capital goods by Public Sector Undertakings; field formations must consider waiver requests under the Board's guidelines and applicable rules and circulate the circular widely.
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Provisions expressly mentioned in the judgment/order text.
Waiver of interest on customs duty: powers delegated to Chief Commissioners and scope expanded to specified import categories.
Chief Commissioners of Customs & Central Excise are empowered to grant waiver of interest charged on customs duty for warehoused goods under the Customs Act, and the Board has expanded the categories eligible for waiver consideration to include imports under the EPCG Scheme and import of capital goods by Public Sector Undertakings; field formations must consider waiver requests under the Board's guidelines and applicable rules and circulate the circular widely.
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