Advertisement

ITAT Deletes Addition of Unexplained Cash Deposits Due to Change in Sales Pattern

ITAT Deletes Addition of Unexplained Cash Deposits Due to Change in Sales Pattern The ITAT in one of its recent rulings deleted the addition of...
HomeFinanceDue Date Alert: Today is Last Day for Customs Duty Deferred Payment

Due Date Alert: Today is Last Day for Customs Duty Deferred Payment

Due Date Alert: Today is Last Day for Customs Duty Deferred Payment

The deferred payment mechanism under customs duty allows the eligible importers to defer import duty payment, meaning they can pay the duty later. It follows the principle of ‘Clear first-Pay later.’

So if you are an eligible importer who uses the deferred duty mechanism for customs duty, then you should know that today is the last day for Deferred Payment of customs duty without any extra penalty.

If you have bills of Entry that were returned for payment from August 16, 2025, to August 31, 2025, then September 1, 2025, i.e., today, is the last day for Deferred Payment of customs duty. If you miss this deadline, you will have to pay interest for the late payment.

Nidhi
Nidhi
Nidhi is a Bachelor of Commerce student from Delhi University. As a content writer at Finvestment, I specialize in crafting insightful and engaging financial content Related to Mutual Funds, Stocks, Personal Tax, Insurance Etc...