Penalty in case of volntary payment of customs duty -revision of BOE

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..... Penalty in case of volntary payment of customs duty -revision of BOE
Query (Issue) Started By: - Sudhir M Dated:- 17-3-2025 Last Reply Date:- 17-3-2025 Customs - Exim - SEZ
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Custo .....

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..... ms
Hi All, my client wants to pay differential customs duty voluntary due to TP adjustment. The question is whether penalty will be levied while paying differential customs duties voluntary paid by .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... to ensure that the underpayment isn't due to fraudulent or willful misconduct to avoid potential penalties.
Discussion Forum - Knowledge Sharing .....

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