CBIC notifies Extension of Exemption of Deposits into Electronic Credit Ledger (ECL) till 30th November 2023 [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. No. 69/2023-Customs (N.T.) S.O. 4253(E)  issued on 27th September 2023 has notified the extension of exemption of deposits into Electronic Credit Ledger (ECL) till 20th November 2023.

The notification states that “In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, on being satisfied that it is necessary and expedient to do so, hereby makes the following amendments 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, namely, –

In the said notification, in para 2, for the words, ’30th September, 2023′, the words ’30th November, 2023′ shall be substituted.”

Read More: CBIC extends Exemption from Deposits for Specified goods u/s 51A(4) of Customs Act till 1st Dec 2023

Parent Notification 18/2023 Dated 30th March 2023

In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs on being satisfied that it is necessary and expedient so to do, hereby exempts the deposits,-

1. with respect to goods imported or exported in customs stations where customs automated system is not in place;
2. with respect to goods imported or exported in International Courier Terminals;
3. with respect to accompanied baggage;
4. other than those used for making electronic payment of, –
5.  any duty of customs, including cesses and surcharges levied as duties of customs;
6. integrated tax;
7. Goods and Service Tax Compensation Cess;
8. interest, penalty, fees or any other amount payable under the Act, or Customs Tariff Act, 1975 (51 of 1975),

from all of the provisions of section 51A of the said Act.

This notification shall come into effect from the 1st April, 2023 and shall be effective till the 30th April, 2023.

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