The Central Board of Indirect Taxes and Customs (CBIC) notified amendment in the customs notification related to exemption of certain deposits.
In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962, the Central Board of Indirect Taxes and Customs, on being satisfied that it is necessary and expedient to do so, made the amendment to the notification No.18/2023-Customs (N.T.) dated the 30th March 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide S.O. 1528 (E), dated the 30th March, 2023.
The notification stated that in para 2 of the Principal Notification for the words, `30th June, 2023`, the words `30th September, 2023` shall be substituted.
The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide notification no. 18/2023–Customs (N.T.), dated the 30th March, 2023, vide number S. O. 1528 (E), dated the 30th March, 2023 and was last amended by notification number 31/2023-Customs (N.T.) dated the 26th April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 1935 (E), dated the 26th April, 2023.
In the Principal Notification the CBIC exempted the following deposits,- I. with respect to goods imported or exported in customs stations where customs automated system is not in place
II. with respect to goods imported or exported in International Courier Terminals
III. with respect to accompanied baggage
IV. other than those used for making electronic payment of,
– a. any duty of customs, including cesses and surcharges levied as duties of customs;
b. integrated tax;
c. Goods and Service Tax Compensation Cess; d. interest, penalty, fees or any other amount payable under the Act, or Customs Tariff Act, 1975, from all of the provisions of section 51A of the Customs Act.
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