Customs Exempts Deposits for Certain Goods from Section 51A Provisions

The Central Board of Indirect Taxes and Customs announced that certain deposits will be exempted from the provisions of section 51A of the Customs Act, 1962. The exemption applies to goods imported or exported in customs stations without automated systems, goods imported or exported in International Courier Terminals, accompanied baggage, and deposits not used for making electronic payments of customs duties, integrated tax, GST Compensation Cess, or other fees. The exemption is effective from April 1, 2023, and will be in place until April 30, 2023.

See Ntfn-18_2023_Cus_NT-dated-30.03.2023