https://www.taxtmi.com/acts?id=1024 Clearance for home consumption is allowed once goods are not prohibited and assessed import duty and charges are paid; electronic clearance by the customs automated system is permitted based on risk evaluation. The Central Government may allow deferred payment for specified importer classes and require electronic payment for specified classes. Duty must be paid within prescribed times for self-assessment, assessment-return, or deferred payment, and late or short-paid duty attracts interest at a rate fixed by the Central Government within a specified statutory range. The Board may waive interest in the public interest. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 01 Mar 2019 10:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1024 Clearance for home consumption is allowed once goods are not prohibited and assessed import duty and charges are paid; electronic clearance by the customs automated system is permitted based on risk evaluation. The Central Government may allow deferred payment for specified importer classes and require electronic payment for specified classes. Duty must be paid within prescribed times for self-assessment, assessment-return, or deferred payment, and late or short-paid duty attracts interest at a rate fixed by the Central Government within a specified statutory range. The Board may waive interest in the public interest. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1024