Time Period For Depositing Fines, Customs Duty, Etc.

4.29

Customs duty with interest to be recovered from Authorisation holder on account of regularisation or enforcement of BG / LUT, shall be deposited by Authorisation holder in relevant Head of Account of Customs Revenue i.e., “Major Head 0037 - Customs and minor head 001- Import Duties” in prescribed T.R. Challan, within 30 days of demand raised by Regional / Customs Authority and documentary evidence shall be produced to this effect to RA / Customs authority immediately.

On receipt of such documentary evidence from Authorisation holder, RA shall intimate details of recovery / deposits made to Customs Authority at port of registration under intimation to Joint Secretary (Drawback), Department of Revenue, Ministry of Finance, Jeevan Deep Building, New Delhi.

Payment of amount of duty, interest and any dues for regularisation shall, however, be without prejudice to any other action that may be taken by Customs Authorities at any stage under Customs Act, 1962.