CBIC : Notification to exempt deposits into ECL till 19th January 2024

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 into the Export Contingency Fund (ECL). Originally set to expire on 30th November 2023, the exemption is now valid until 19th January 2024. This amendment, made under the Customs Act, 1962, provides additional time for these deposits.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 87/2023-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 amendments to the notification No.18/2023-Customs (N.T.) dated the 30th March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (ii) vide S.O. 1528 (E), dated the 30th March, 2023, namely, -

In the said notification, in para 2, for the words, '30th November, 2023', the words '19th January, 2024' shall be substituted.

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

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

FAQ :

The main change is the extension of the deadline for exemption on deposits into the Export Contingency Fund (ECL) from 30th November 2023 to 19th January 2024.

The notification was issued by the Central Board of Indirect Taxes and Customs (CBIC).

This notification is issued in exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962.

The previous deadline for the exemption was 30th November 2023.

The new deadline for the exemption is 19th January 2024.