{"id":946,"date":"2015-04-03T00:00:00","date_gmt":"2015-04-02T18:30:00","guid":{"rendered":""},"modified":"2015-12-30T14:50:18","modified_gmt":"2015-12-30T09:20:18","slug":"facility-for-suo-moto-payment-of-customs-duty-in-case-of-bona-fide-default-in-export-obligation","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/exim\/facility-for-suo-moto-payment-of-customs-duty-in-case-of-bona-fide-default-in-export-obligation\/","title":{"rendered":"Facility for suo moto payment of customs duty in case of bona fide default in export obligation"},"content":{"rendered":"

Circular
\nNo.<\/strong>  11\/2015 –
\nCustoms<\/strong><\/p>\n

 <\/strong>F.No.
\n605\/55\/2014-DBK<\/p>\n

Government of India<\/p>\n

Ministry of Finance, Department of Revenue<\/p>\n

Central Board of Excise& Customs<\/p>\n

Drawback Division<\/p>\n

 <\/p>\n

New Delhi, dated 1st<\/sup>
\nApril, 2015<\/p>\n

To<\/p>\n

 <\/p>\n

All Principal Chief Commissioners\/Chief Commissioners of Customs \/
\nCustoms (Prev)\/ Central Excise &
\nCustoms,<\/p>\n

All Principal Directors General\/Directors General of CBEC \/ Chief
\nCommissioner (AR), CESTAT,<\/p>\n

All Principal Commissioners\/Commissioners under CBEC<\/p>\n

 <\/p>\n

Ma\u2019am\/Sir,<\/p>\n

 <\/p>\n

Subject : Facility for
\n<\/strong>suo <\/em><\/strong><\/em><\/strong>moto <\/em><\/strong><\/em><\/strong>payment of
\ncustoms duty in case of bona fide <\/em>default
\nin export obligation <\/strong>under the Advance \/ EPCG authorisations <\/strong>\u2013 reg.<\/strong><\/p>\n

         <\/p>\n

The Ministry has
\nconsidered the issue of increased interest cost for authorization holders (AH)
\nwho come forward to the Regional Authority (RA) of DGFT for regularization of
\ntheir cases of bona fide<\/em> default in
\nexport obligation (EO) under the Advance Authorization or EPCG Schemes but have
\nto wait for the detailed calculations in this regard before being able to
\ndeposit the duty involved. It was decided to provide for a procedure that would
\nenable quicker payment thereby reducing the avoidable interest cost for such
\nexporters. <\/p>\n

 <\/p>\n

2.      After consulting the
\nDGFT, and certain field formations, the Board prescribes the following facilitation
\nprocedure \u2013<\/p>\n

 <\/p>\n

(a)       This procedure may be adopted by an AH who has
\nobtained acknowledgement from the concerned RA of its application for
\nregularization of bona fide default in EO. The application must show, inter
\nalia, the AH\u2019s own\/self-calculation of the duty payable for the default in EO
\nand interest thereon.<\/p>\n

 <\/p>\n

(b)       During
\npendency of the detailed calculations by the RA, such an AH may \u2013<\/p>\n

(i)         Deposit, in cash, the own\/self-calculated duty amount, along
\nwith interest in cash by challan (showing relevant particulars) in the
\ndesignated bank at the port where the authorization is registered. One copy of
\nthe paid challan shall be submitted to the Customs Authority at the said port
\nwhich shall update its records; and\/or<\/p>\n

(ii)        produce valid duty credit scrip before the Customs Authority at the
\nport where the authorization is registered for debit of the own\/self-calculated
\nduty amount. Such scrip should be one issued under Chapter 3 (excluding SHIS, SFIS and AIIS scrips) in terms of FTP (2009-14) or chapter 3 of FTP
\n(2015-20) or be Post-export EPCG duty remission scheme scrip. The debit shall only be in
\nrespect of goods that are permitted to be imported under the relevant scrip.
\nThe Customs Authority shall reflect the debit in Customs records and also
\nsuitably endorse it on the scrip. However, the AH shall pay the interest in
\ncash in the designated bank at the port where
\nthe authorization is registered. One copy of the paid challan shall be
\nsubmitted to the Customs Authority at the said port which shall update its
\nrecords.<\/p>\n

(c)       On
\nreceipt of the excess import letter issued by RA after its detailed
\ncalculations (indicating inter alia the reported duty deposited\/debited and
\ninterest paid on self\/own calculation basis, if any), the Customs would confirm
\nthe actual amount of duty payable for the default in EO and interest thereon
\nand, taking into account the actual deposits\/debits already made, would
\nindicate the balance duty etc., if any. The AH shall pay these by the above
\nmodes and the Customs Authority shall endorse all the paid challan(s).<\/p>\n

(d)       On
\nreceipt of the redemption letter (indicating, inter alia, details of payments
\nincluding amount and mode) from RA, the Customs Authority shall reconcile and
\ninitiate the prescribed actions for releasing the Bond \/ BG.<\/p>\n

3.      This facilitation procedure may be put in
\nplace and publicized through suitable Trade\/ Public Notice and officers guided
\nthrough Standing Order. Difficulties faced, if any, in implementation of the
\ncircular may be brought to the notice of the Board.<\/p>\n

 <\/p>\n

Yours faithfully,<\/p>\n

 <\/p>\n

 <\/p>\n

(Sanjay Kumar)<\/p>\n

Under Secretary (DBK)<\/p>\n

Tele: 23341480<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Circular No.  11\/2015 – Customs  F.No. 605\/55\/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division   New Delhi, dated 1st April, 2015 To   All Principal Chief Commissioners\/Chief Commissioners of Customs \/ Customs (Prev)\/ Central Excise & Customs, All Principal Directors General\/Directors General of CBEC \/ Chief … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[231],"yoast_head":"\nFacility for suo moto payment of customs duty in case of bona fide default in export obligation - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/exim\/facility-for-suo-moto-payment-of-customs-duty-in-case-of-bona-fide-default-in-export-obligation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facility for suo moto payment of customs duty in case of bona fide default in export obligation - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Circular No.  11\/2015 – Customs  F.No. 605\/55\/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division   New Delhi, dated 1st April, 2015 To   All Principal Chief Commissioners\/Chief Commissioners of Customs \/ Customs (Prev)\/ Central Excise & Customs, All Principal Directors General\/Directors General of CBEC \/ Chief ... 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