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

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Full Text of the Document

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.... of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs New Delhi Subject : Levy of Customs duty on notional interest on advance payments made to the foreign supplier/parties on import of goods. The Board has received representations from several importers regarding the levy of customs duty on notional interest on advance payments made to the foreign ....