Payment of custom duty
This query is : Resolved
30 October 2012
CAN ANYBODY TELL ME ABOUT THE PROVISION ON LATE PAYMENT OF CUSTOM DUTY IN CASE OF IMPORT.
1. WHAT IS THE DUE DATE OF PAYMANT OF CUSTOM DUTY IN CASE OF IMPORT?
2. AT WHAT RATE INTEREST ON LATE PAYMENT OF CUSTOM DUTY IN CASE OF IMPORT WILL BE CHARGED?
3. IS THERE ANY SEPERATE PROVISION FOR GOODS AT "ICD"?
4. WHETHER DATE OF PAYMENT OF DUTY IS ALSO TO BE INCLUDED OR NOT WHEN LATE PAYMENT IS BEING MADE?
1. WHAT IS THE DUE DATE OF PAYMANT OF CUSTOM DUTY IN CASE OF IMPORT?
2. AT WHAT RATE INTEREST ON LATE PAYMENT OF CUSTOM DUTY IN CASE OF IMPORT WILL BE CHARGED?
3. IS THERE ANY SEPERATE PROVISION FOR GOODS AT "ICD"?
4. WHETHER DATE OF PAYMENT OF DUTY IS ALSO TO BE INCLUDED OR NOT WHEN LATE PAYMENT IS BEING MADE?
30 October 2012
ANSWERS IS SAME SEQUENCE.
1. IN CASE OF IMPORT CUSTOMS DUTY TO BE PAID WITHIN 5 WORKING DAYS FROM BILL OF ENTRY DATE
2. INTEREST @15% WILL BE CHARGED POST FIVE DAYS UNDER SEC 47, VIDE NOTIFICATION NO 28/2002NT.
3. ONCE GOODS ARE BONDED, THEN THE INTEREST FREE PERIOD IS 90 DAYS, THEREAFTER INTEREST @15% WILL BE CHARGES UNDER SEC 61(2) VIDE NOTIFICATION 18/2003(NT).
4. IF YOU ARE DEPOSITING DUTY ON 10 DAYS, THEN 5 DAYS INTEREST WILL BE CHARGED.
HOPE ITS CLEAR
ANSWERS IS SAME SEQUENCE.
1. IN CASE OF IMPORT CUSTOMS DUTY TO BE PAID WITHIN 5 WORKING DAYS FROM BILL OF ENTRY DATE
2. INTEREST @15% WILL BE CHARGED POST FIVE DAYS UNDER SEC 47, VIDE NOTIFICATION NO 28/2002NT.
3. ONCE GOODS ARE BONDED, THEN THE INTEREST FREE PERIOD IS 90 DAYS, THEREAFTER INTEREST @15% WILL BE CHARGES UNDER SEC 61(2) VIDE NOTIFICATION 18/2003(NT).
4. IF YOU ARE DEPOSITING DUTY ON 10 DAYS, THEN 5 DAYS INTEREST WILL BE CHARGED.
HOPE ITS CLEAR
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Annual return in Gst
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
