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Interest recovery on duty default now chargeable from clearance until payment; exporters must satisfy customs with documentary evidence. Notifications amend Duty Exemption and EPCG procedures by removing bond and licensing authority certificate requirements; interest on duty becomes recoverable from the date of clearance until payment where conditions are not met. Exporters must directly satisfy the Assistant Commissioner of Customs with specified documentary evidence: for Duty Exemption Scheme, Part F DEEC endorsement and DEEC triplicate with Shipping Bills and Bills of Lading; for EPCG, a CA certified exporter statement with export promotion Shipping Bills, Bills of Lading, and a declaration that exports used the imported capital goods. Changes must be publicised by notice and departmental orders.
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Interest recovery on duty default now chargeable from clearance until payment; exporters must satisfy customs with documentary evidence.
Notifications amend Duty Exemption and EPCG procedures by removing bond and licensing authority certificate requirements; interest on duty becomes recoverable from the date of clearance until payment where conditions are not met. Exporters must directly satisfy the Assistant Commissioner of Customs with specified documentary evidence: for Duty Exemption Scheme, Part F DEEC endorsement and DEEC triplicate with Shipping Bills and Bills of Lading; for EPCG, a CA certified exporter statement with export promotion Shipping Bills, Bills of Lading, and a declaration that exports used the imported capital goods. Changes must be publicised by notice and departmental orders.
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