https://www.taxtmi.com/news?id=3762 Mandatory e-payment of customs duty is instituted for importers registered under the Accredited Clients Programme and for importers meeting a high-value threshold per Bill of Entry, converting a previously voluntary electronic payment facility into a compulsory mechanism. The measure aims to reduce transaction costs, expedite cargo release and ensure immediate, error reduced tax collection. Chief Commissioners of Customs are instructed to publicize the change and assist trade in adapting software and internal procedures to enable transition to mandatory electronic payment. en-us Fri, 07 Sep 2012 17:47:29 +0530 Fri, 07 Sep 2012 17:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3762 Mandatory e-payment of customs duty is instituted for importers registered under the Accredited Clients Programme and for importers meeting a high-value threshold per Bill of Entry, converting a previously voluntary electronic payment facility into a compulsory mechanism. The measure aims to reduce transaction costs, expedite cargo release and ensure immediate, error reduced tax collection. Chief Commissioners of Customs are instructed to publicize the change and assist trade in adapting software and internal procedures to enable transition to mandatory electronic payment. News - Fri, 07 Sep 2012 17:47:29 +0530 https://www.taxtmi.com/news?id=3762