Facility for suo moto payment of customs duty in case of bona fide default in export obligation under the Advance / EPCG authorisations

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.... PUBLIC NOTICE No. 44/2015 Sub: Facility for suo moto payment of customs duty in case of bona fide default in export obligation under the Advance / EPCG authorisations - reg. 1. Attention of all Exporters, Customs Brokers and Public is invited to the Boards Circular No. 11/2015-Customs dated 01.04.2015 on the above mentioned subject. 2. The Ministry has considered the issue of increased intere....

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....lia, the AH's own/self-calculation of the duty payable for the default in EO and interest thereon. (b) During pendency of the detailed calculations by the RA, such an AH may - (i) Deposit, in cash, the own/self-calculated duty amount, along with interest in cash by challan (showing relevant particulars) in the designated bank at the port where the authorization is registered. One copy of the p....

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....gistered. One copy of the paid challan shall be submitted to the Customs Authority at the said port which shall update its records. (c) On receipt of the excess import letter issued by RA after its detailed calculations (indicating inter alia the reported duty deposited/debited and interest paid on self/own calculation basis, if any), the Customs would confirm the actual amount of duty payable f....