TMI BlogPenalty in case of volntary payment of customs duty -revision of BOEX X X X Extracts X X X X X X X X Extracts X X X X ..... Penalty in case of volntary payment of customs duty -revision of BOE X X X X Extracts X X X X X X X X Extracts X X X X ..... ms X X X X Extracts X X X X X X X X Extracts X X X X ..... the client. - Pls answer as per the current provisions i.e., pre Budget 2025 and post that also Reply By YAGAY andSUN: The Reply: Under the Customs Act, 1962, if a person voluntarily pays the custo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms duty along with the applicable interest before the issuance of a show-cause notice, they are generally not liable for penalties. Section 28(1)(b) of the Act allows such voluntary payment, and upon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... informing the proper officer, no further notice or penalty is typically imposed. However, if the non-payment or short-payment of duty results from collusion, willful misstatement, or suppression of f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acts, penalties may still apply, even if the duty and interest are paid voluntarily thereafter. Therefore, while voluntary payment of customs duty and interest can prevent penalties, it's crucial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to ensure that the underpayment isn't due to fraudulent or willful misconduct to avoid potential penalties. X X X X Extracts X X X X X X X X Extracts X X X X
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