Levy of Customs duty on notional interest on advance payments made to the foreign supplier/parties on import of goods

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....duty on notional interest on advance payments made to the foreign supplier/parties on import of goods F. No. 467/37/91-Cus.V Dated 19-9-1991 Government of India Ministry of Finance (Department of ....

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....rther represented that consignments are pending clearance as Customs Authorities are insisting for payment of customs duty on the notional interest. In this connection, I am directed to say that the ....