Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Subject – Warehousing – Delegation of Board”s power to Chief CommissionersOnline GST Certification Course by TaxGuru & MSME- Click here to Join
Kind attention is invited to the Notification No. 33/94-Cus(N.T.), dated 1-7-1994 delegating powers to Chief Commissioner of Customs for granting waiver of interest on Customs Duty under Section 61 of the customs Act, 1962, in cases where the amount of interest does not exceed Rs. 15 lakhs.
2. Of late, a number of representations/references have been received from Government/Private Organizations and the field formations for granting waiver of interest in cases where the amount involved is lower than the aforesaid delegated amount.
3. It is, therefore, reiterated that such cases where amount of interest is within the delegated powers of Chief Commissioner of Customs need not be referred to the Board, and the same may be decided on merits and in accordance with existent instructions.
4. It has also been decided that such requests for waiver of interest on Customs Duty on warehoused goods first be received at the Commissionerates who should examine the request. Thereafter, in case, the request falls beyond the delegated powers of the Chief Commissioner of Customs, the same may be forwarded to the Board with comments for consideration.
5. It is requested that Standing instructions/public notices may be issued for information and guidance of the field staff and trade respectively. Receipt of this Circular may please be acknowledged.