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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..... C. No. VIII/48/04/2014 Air. cus. Tech./1416 Date: 13.05.2015 PUBLIC NOTICE No. 10/2015 Subject : Facility for suo-moto payment of customs duty in case of bonafide default in export obligation under the Advance / EPCG authorisations - reg. Attention is invited to Board Circular No.11/2015-Cus dated 01.04.2015 on the above subj .....

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..... (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 paid challan shall be submitted to the Customs Authority at the said port which shall update its records; and/ or (ii) Produce valid duty credit scrip befor .....

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..... eceipt 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 for the default in EO and interest thereon and, taking into account the actual deposits/ debits already made, would indicate the balance duty .....

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