Custom
TRT-2025-
Date:-11-04-23
In:-
Issue Favourable to Tax Payer ?:-
Order No. 2/2023-Customs (N.T.) dated 11 April 2023
Key Pointers :
- CBIC has issued an order waiving the whole of interest payable under sub-section (2) of section 47 of the Customs Act, 1962 for the period from 1st April, 2023 up to and including the 10th April, 2023, in respect of goods where the payment of import duty is to be made from the amount available in electronic cash ledger.
- This order was made because technical difficulties were occurring in the system, which was affecting the timely completion of sequential procedures in the duty payment process.
- The Central Board of Indirect Taxes and Customs has issued a second order, namely, the Customs (Waiver of Interest) Second Order, 2023, which waives the whole of interest payable under sub-section (2) of section 47 of the said Act for the period from 11th April, 2023 up to and including the 13th April, 2023, in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger.
- The second order is in continuation of the first order and would be applied in the same manner.
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