Background:
Section 51A of the Customs Act, 1962 (“the Customs Act”) requires every assessee to maintain Electronic Cash Ledger (“ECL”) in the customs portal. Every deposit made towards duty, interest, penalty, fee, or any other sum payable by a person under the provisions of the Customs Act or under the Customs Tariff Act, 1975 (“the Customs Tariff Act”) or under any other law for the time being in force or the rules and regulations made thereunder, using authorized mode of payment shall, subject to such conditions and restrictions, be credited to the ECL of such person.
Notification:
The CBIC vide Notification No. 47/2022-Customs (N.T.) dated May 31, 2022 exempts the deposits pertaining to all classes of persons and all category of goods, from the provisions of Section 51A of the Customs Act with effect from June 01, 2022 upto November 29, 2022.
The Notification can be accessed at: https://egazette.nic.in/WriteReadData/2022/236161.pdf
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