The Central Board of Indirect Taxes and Customs (CBIC) has postponed the exemption to the requirement of deposit in an electronic cash ledger for the goods imported or exported in the Customs stations without an automated system and accompanied baggage with effect from 30th November 2022, instead of 1st June 2022.
A notification issued on 31st March said that “the Central Board of Indirect Taxes and Customs on being satisfied that it is necessary and expedient so to do, hereby exempts the deposits,- I. with respect to goods imported or exported in customs stations where customs automated system is not in place; II. with respect to accompanied baggage; III. other than those used for making 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 said Act, or the Customs Tariff Act, 1975 (51 of 1975), from all of the provisions of section 51A of the said Act. 2. This notification shall come into force with effect from the 1st June, 2022.”
This has now been amended to implement the scheme from 30th November 2022.
As per section 51A, every deposit made towards duty, interest, penalty, fee or any other sum payable by a person under the provisions of this Act or under the Customs Tariff Act, 1975 (51 of 1975) or under any other law for the time being in force or the rules and regulations made thereunder, using authorized mode of payment shall, subject to such conditions and restrictions, be credited to the electronic cash ledger of such person, to be maintained in such manner, as may be prescribed.
The amount available in the electronic cash ledger may be used for making any payment towards duty, interest, penalty, fees or any other sum payable under the provisions of this Act or under the Customs Tariff Act, 1975 (51 of 1975) or under any other law for the time being in force or the rules and regulations made thereunder in such manner and subject to such conditions and within such time as may be prescribed. The balance in the electronic cash ledger, after payment of duty, interest, penalty, fee or any other amount payable, may be refunded in such manner as may be prescribed.
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