Waiver of interest on import duty due to electronic cash ledger and portal technical failures, easing trade facilitation. Waiver of interest on import duty arising from electronic cash ledger and Common Portal technical failures. The Board, invoking its power to waive interest in the public interest, finds that integration difficulties among ICES, ICEGATE, banks and stakeholders prevented completion of duty payment processes and caused interest to accrue; accordingly it waives interest payable where payment is made from electronic cash ledger amounts for the affected period. Implementation will be effected on the Common Portal, while refund claims for entries already integrated into ICES remain subject to statutory refund provisions.
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Waiver of interest on import duty due to electronic cash ledger and portal technical failures, easing trade facilitation.
Waiver of interest on import duty arising from electronic cash ledger and Common Portal technical failures. The Board, invoking its power to waive interest in the public interest, finds that integration difficulties among ICES, ICEGATE, banks and stakeholders prevented completion of duty payment processes and caused interest to accrue; accordingly it waives interest payable where payment is made from electronic cash ledger amounts for the affected period. Implementation will be effected on the Common Portal, while refund claims for entries already integrated into ICES remain subject to statutory refund provisions.
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