CBIC : Exemption of deposits from the provisions of Section 51 of Customs Act, 1962

Last updated: 04 December 2023

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The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification extending the exemption for deposits from the provisions of Section 51A of the Customs Act, 1962. This amendment specifically changes the date in paragraph 2 of Notification No. 19/2022-Customs (N.T.). The original deadline of 1st December 2023 has now been moved to 20th January 2024.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 88/2023-Customs (N.T.)
New Delhi, dated the 29th November, 2023

S.O. (E). — In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, on being satisfied that it is necessary and expedient to do so, hereby makes the following further amendments to the Notification No.19/2022-Customs (N.T.) dated the 30th March, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (ii) vide S.O. 1512 (E), dated the 30th March, 2022, namely, -

In the said notification, in para 2, for the words, '1st December, 2023', the words '20th January, 2024' shall be substituted.

[F. No. 442/02/2017-Cus IV(Pt)]

(Radhe Krishna),
Under Secretary to the Government of India

FAQ :

The notification extends the deadline for the exemption of deposits from the provisions of Section 51A of the Customs Act, 1962.

The provisions of Section 51A of the Customs Act, 1962 are affected.

The previous deadline was 1st December 2023.

The new deadline for the exemption is 20th January 2024.

Notification No. 19/2022-Customs (N.T.) dated 30th March 2022 has been amended.

Notification No : 88/2023
Source : https://taxinformation.cbic.gov.in/view-pdf/1009947/ENG/Notifications

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