The Central Board of Indirect Taxes and Customs (CBIC) on April 26, 2023, issued a notification regarding the amendment of certain notifications under the Customs Act, 1962.
The following notifications have been amended namely: -
• 44/2002-Customs, dated April 19, 2002 [Vide number G.S.R. 293(E), dated April 19, 2002]: In the said notification, after paragraph 5 and before the Table, the following paragraph shall be inserted, namely: - "6. In a case of default in export obligation, when the duty on goods is paid to regularise the default in terms of Public Notice of the Government of India, Ministry of Commerce and Industry No. 02/2023, dated the 1st April, 2023, the amount of interest to be paid by the importer shall be payable as specified in the said public notice dated the 1st April, 2023.”
• 136/2008-Customs, dated December 24, 2008 [ Vide number G.S.R. 878 (E), dated December 24, 2008]: In the said notification, after paragraph 4 and before the Explanation, the following paragraph shall be inserted, namely: - "5. In a case of default in export obligation, when the duty on goods is paid to regularise the default in terms of Public Notice of the Government of India, Ministry of Commerce and Industry No. 02/2023, dated the 1st April, 2023, the amount of interest to be paid by the importer shall be payable as specified in the said public notice dated the 1st April, 2023.
• 101/2009-Customs, dated September 11, 2009 [ Vide number G.S.R. 667 (E), dated September 11, 2009]: In the said notification, after paragraph 4 and before the Explanation, the following paragraph shall be inserted, namely: - "5. In a case of default in export obligation, when the duty on goods is paid to regularise the default in terms of Public Notice of the Government of India, Ministry of Commerce and Industry No. 02/2023, dated the 1st April, 2023, the amount of interest to be paid by the importer shall be payable as specified in the said public notice dated the 1st April, 2023.”.
[Notification No. 32/2023-Customs]
