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of <h1>New Facility Allows Suo Moto Customs Duty Payments for Export Obligation Defaults Under Advance or EPCG Authorizations.</h1> The public notice outlines a facility for authorization holders to make suo moto payments of customs duty in cases of bona fide default on export obligations under the Advance or EPCG authorizations. The procedure allows these holders to deposit self-calculated duty amounts and interest in cash or through valid duty credit scrips while awaiting detailed calculations from the Regional Authority. This aims to reduce interest costs by enabling quicker payments. The Customs Authority will update records and confirm actual duty payable upon receipt of detailed calculations. Trade associations are urged to disseminate this information among their members.
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