Interest on unutilised portion of material imported under Advance Authorisation — Relevant date

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..... se & Customs, New Delhi Subject : Applicable date for calculating the interest on excess imports under Para 4.28 of the Handbook of Procedures, Vol. 1 - Reg. I am directed to invite your attention to Para 4.28 of the Handbook of Procedures, Vol. 1 and Notification No. 93/2004-Cus., dated 10-9-2004 according to which the authorisation holder is required to pay customs duty alongwith interest on t .....

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..... reat the last imports, which could not be utilised in the manufacture of export goods, as excess imports unless specific correlation between imports and exports is available. 4. It is, therefore, clarified that the applicable date for calculation of interest in terms of Para 4.28 of the Handbook of Procedures Vol. 1 and Notification No. 93/2004-Cus., dated 10-9-2004 would be the date of clearance .....

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