| Date: |
29-10-2004
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| Notification No: |
Customs Circular No 62/2004
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Warehousing – Waiver of interest on the Customs duty - Delegation of powers to Chief Commissioners of Customs & Central Excise – regarding
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I am directed to refer to instructions contained in Circular issued by Board�s letter F. No. 475/82/92-LC, dtd 27.12.1993, on the above subject. The para No. (1) of the aforesaid Circular has been amended vide Notification No. 122/2004-Customs (NT) dated 25.10.2004, delegating powers of the Board relating to waiver of interest charged on customs duty on warehoused goods, to the Chief Commissioners of Customs & Central Excise from the existing Rs. 15 lakhs to Rs. two crores under section 61 of the said Customs Act, 1962.
2. Further, it has been decided to enlarge the scope of consideration of the guidelines for considering cases for waiver of interest on customs duty in respect of the warehoused goods contained in para (2)(ii) of the said Circular dtd 27.12.93, by including following types of cases also, which will be added after condition No. (xii), as per details given below: �
(xiii) Imports under EPCG Scheme
(xiv) Import of Capital Goods by Public Sector Undertakings. 3. You are, therefore, requested to consider all requests for waiver of interest on the customs duty in respect of warehoused goods keeping in mind the aforesaid guidelines of the Board and taking into consideration all the relevant rules and regulations which are applicable.
4. The contents of this Circular may be circulated widely and brought to the notice of all the field formations and the Trade under your jurisdiction.
Yours faithfully,
Sd/-
(S.M.Akhter)
Under Secretary (LC)
F.No. 473/07/2004-LC
(Please refer Customs Circular No. : 38/2005 DATE 28/09/2005)
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