The Central Board of Indirect Taxes and Customs (CBIC) on Thursday announced temporary assistance for business owners having trouble using the automated payment system that went live on April 1 to pay import duties.
As of right now, the government has permitted a brief suspension of interest fees until April 10 in the event that a technical issue causes a delay in the payment of duty. The government has also gone back to clearing certain kinds of items manually.
The Customs Act states that if an importer doesn’t pay the customs tax within a certain amount of time, 10-36 percent of interest will be charged on the unpaid payment.
“The trade has frequently encountered the challenge of not being able to complete the procedure whereby Because of unanticipated technical issues on the Common Portal and with the authorised banks, they started the duty payment process. The interest is developing as a result, the CBIC stated in a notification.
According to the CBIC notification, if these errors hadn’t happened, interest might not have accumulated for dealers. It stated that the Directorate General of Systems was attempting to find solutions to the problems with the new framework.
Importers and exporters have been concerned about difficulties brought on by the new electronics cash ledger (ECL) over the past several days, which has also contributed to the accumulation of consignments at ports.
The government has permitted manual clearance of consignments for perishable commodities, pharmaceuticals, liquid bulk cargo, and other things in order to facilitate an uninterrupted supply of supplies. Because of unanticipated technical issues on the Common Portal and with the authorised banks, they started the duty payment process. The interest is developing as a result, the CBIC stated in a notification.
According to the CBIC notification, if these errors hadn’t happened, interest might not have accumulated for dealers. It stated that the Directorate General of Systems was attempting to find solutions to the problems with the new framework.
Importers and exporters have been concerned about difficulties brought on by the new electronics cash ledger (ECL) over the past several days, which has also contributed to the accumulation of consignments at ports.
The government has permitted manual clearance of consignments for perishable commodities, pharmaceuticals, liquid bulk cargo, and other things in order to facilitate an uninterrupted supply of supplies till 10th April
