CBIC Extends Exemption Deadline From Deposits For Goods U/S 51A(4) Of The Customs Act till March 01, 2024

The Central Board of Indirect Taxes and Customs (CBIC) has extended the exemption from Deposits for Specified Goods under section 51A(4) of the Customs Act till March 01, 2024.

Earlier, the deadline for exemption from Deposits for Specified Goods under section 51A(4) of the Customs Act was till January 20, 2024.

The extension of exemption applies to goods imported or exported in customs stations where customs automated systems are not in place; accompanied baggage; and deposits other than those used for making payment of any duty of customs, including cesses and surcharges levied as duties of customs, integrated tax, Goods and Service Tax Compensation Cess and interest, penalty, fees, or any other amount payable under the said Act, or the Customs Tariff Act, 1975.

The exemption is granted by the CBIC under the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962, and is deemed necessary and expedient.

Notification No. 06/2024

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