Govt. postponed applicability of ECL and EDCL under Customs

  • Blog|News|GST & Customs|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 2 June, 2022

Electronic Cash Ledger; Electronic Duty Credit Ledger

Notification No. 47/2022 and Notification No. 48/2022, both dated May 31, 2022

Section 51A of the Customs Act, 1962 provides that any deposit of duty, interest, penalty, etc. would be credited in the Electronic Cash Ledger and such amount would be used in making a payment towards the liabilities under the Customs Law. The said provision is effective from June 1, 2022.

In order to postpone the applicability of the impugned provision, the Govt. has exempted the deposits pertaining to all classes of persons and all categories of goods from the provisions of the said Section 51A till November 29, 2022. In other words, all the classes of persons are exempted from depositing amounts in Electronic Cash Ledger under Customs.

Further, Notification No. 19/2022-Customs (N.T.), dated March 30, 2022 was issued for exempting a specified category of goods such as accompanied baggage, etc. from the provisions of Section 51A. Such applicability of such exemption has also been extended till November 30, 2022.

Click Here To Read The Full Notification

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied