Para 4.29
(NO CHANGES)
4.29
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. “Major Head 0037 - Customs and minor head 001- Import 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. 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 at the port of registration
under intimation to Joint Secretary (Drawback), Department of Revenue, Ministry
of Finance, Jeevan Deep Building, New Delhi.
The 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 the customs authorities at
any stage under the Customs Act, 1962.
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