7.29 The customs duty with interest to be recovered from the licencee on account of
regularisation or enforcement of BG / LUT, as the case may be, shall be
deposited by the licence holder in relevant Head of Account of Customs Revenue
i.e. "0.37 - Customs - I Import Duties (i) Revenue duties" in prescribed T.R.
Challan within 30 days of the demand raised by the licensing / customs
authority and documentary evidence shall be produced to this effect to the
licencing / customs authority immediately. The details of payments made shall
be reflected in Part-G of DEEC (Part-I). On receipt of such documentary
evidence from the licence holder, the licensing authority shall intimate the
details of the recovery / deposits made to the customs authority concerned
where the DEEC is registered, under intimation to Commissioner (Drawback),
Department of Revenue, Ministry of Finance, Jeevan Deep Building, New
Delhi.
Further, the Special Import Licence required towards regularisation
shall also be deposited / surrendered within 30 days of the demand raised by
the licensing authority concerned.
The payment of amount of duty, interest and any dues or surrender of
Special Import Licence for regularisation shall, however, be without prejudice
to any other action that may be taken by the customs authorities at any stage
under the Customs Act, 1962.