CBIC exempts customs related deposits from duty, interest and penalty

Central Board of Indirect Taxes and Customs vide notification dated 19 January 2024 has extended certain duty exemptions till 1st March, 2024. Central Board of Indirect Taxes and Customs vide notification dated the 30th March, 2022 exempted the deposits,-

1. With respect to goods imported or exported in customs stations where customs automated system is not in place;
2. With respect to goods imported or exported in International Courier Terminals;
3. With respect to accompanied baggage;
4. Other than those used for making electronic payment of, –
5. Any duty of customs, including cesses and surcharges levied as duties of customs;
6. Integrated tax;
7. Goods and Service Tax Compensation Cess;
8. Interest, penalty, fees or any other amount payable under the Act, or Customs Tariff
   Act, 1975

from Payment of all of the duty, interest, penalty under section 51A of the Customs Act. The CBIC has extended the applicability of this notification till 1st March, 2024.