GOVERNMENT MAKES E-PAYMENT MANDATORY FOR IMPORT DUTY OF OVER Rs. 1 LAKH

With a view to reduce transaction cost and time during customs clearance, the Government has made it mandatory for importers to use the e-payment mode for duty payments of above Rs. 1 lakh. The Central Board of Excise and Customs (CBEC) has said that in case of accredited importers the e-payment method would be applicable irrespective of the amount of duty.