7.29

7.29 The customs duty with interest to be recovered from the licencee on account of regularisation or enforcement of BG / LUT, as the case may be, shall be deposited by the licence holder in relevant Head of Account of Customs Revenue i.e. "0.37 - Customs - I Import Duties (i) Revenue duties" in prescribed T.R. Challan within 30 days of the demand raised by the licensing / customs authority and documentary evidence shall be produced to this effect to the licencing / customs authority immediately. The details of payments made shall be reflected in Part-G of DEEC (Part-I). On receipt of such documentary evidence from the licence holder, the licensing authority shall intimate the details of the recovery / deposits made to the customs authority concerned where the DEEC is registered, under intimation to Commissioner (Drawback), Department of Revenue, Ministry of Finance, Jeevan Deep Building, New Delhi.

Further, the Special Import Licence required towards regularisation shall also be deposited / surrendered within 30 days of the demand raised by the licensing authority concerned.

The payment of amount of duty, interest and any dues or surrender of Special Import Licence for regularisation shall, however, be without prejudice to any other action that may be taken by the customs authorities at any stage under the Customs Act, 1962.