Delayed import duty payment window shortened to two days; interest accrues after that, excluding holidays. Section 47 of the Customs Act has been amended to substitute 'two days' for 'five days' as the period allowed for payment of import duty after return of the Bill of Entry; failure to pay within two days, excluding holidays, attracts interest at the rate fixed by the Central Government, and the ICES application has been updated to calculate interest after two days.
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.
Delayed import duty payment window shortened to two days; interest accrues after that, excluding holidays.
Section 47 of the Customs Act has been amended to substitute "two days" for "five days" as the period allowed for payment of import duty after return of the Bill of Entry; failure to pay within two days, excluding holidays, attracts interest at the rate fixed by the Central Government, and the ICES application has been updated to calculate interest after two days.
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