Interest under section 47 of Customs Act - Crucial date for calculation of

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Full Text of the Document

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.... 47 of the Customs Act, 1962 - Instruction reg. As per the provision of section 47 of the Customs Act, 1962, interest is payable on such goods in respect of which Bill of Entry for home consumption has been assessed and returned to the importer but the duty leviable thereon has not been paid within seven days of such return. Certain instances have been brought to the notice of the Board where the....