Suo moto payment of customs duty allows exporters to prepay self calculated duty and interest pending authoritative reconciliation. Facility allows Advance/EPCG authorisation holders with acknowledged regularisation applications to make suo moto payment by depositing self calculated duty and interest in cash at the designated bank or by presenting eligible duty credit scrip for debit, with paid challans submitted to Customs. Upon RA's detailed computation, Customs will reconcile actual duty and interest against amounts already deposited/debited, require payment of any balance, and on receipt of the RA's redemption letter will reconcile and initiate release of the bond or bank guarantee.
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.
Suo moto payment of customs duty allows exporters to prepay self calculated duty and interest pending authoritative reconciliation.
Facility allows Advance/EPCG authorisation holders with acknowledged regularisation applications to make suo moto payment by depositing self calculated duty and interest in cash at the designated bank or by presenting eligible duty credit scrip for debit, with paid challans submitted to Customs. Upon RA's detailed computation, Customs will reconcile actual duty and interest against amounts already deposited/debited, require payment of any balance, and on receipt of the RA's redemption letter will reconcile and initiate release of the bond or bank guarantee.
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