CBIC extends exemption from deposits into the Electronic Cash Ledger u/s 51A(4) of the Customs Act till January 19, 2024

By:

The CBIC vide Notification No. 87/2023-Customs (N.T.) dated November 29, 2023, has extended the exemption from deposits into the Electronic Cash Ledger (ECL) under Section 51A(4) of the Customs Act, 1962, till January 19, 2024.

This extension of exemption applies to:

I. Goods imported or exported in customs stations where customs automated systems are not in place.

II. Goods imported or exported in International Courier Terminals.

III. Accompanied baggage.

IV. Deposits other than those used for making electronic payments 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 Act or Customs Tariff Act, 1975 (51 of 1975).

This exemption is granted by CBIC in accordance with the authority vested in it under sub-section (4) of section 51A of the Customs Act, 1962.

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009946/ENG/Notifications