E-payment is advantageous to taxpayers as well as the government. To the taxpayers, it affords the facility of making payments from their own offices on a 24X7 basis. It also facilitates quicker release of cargo. To the government, it ensures immediate collection of taxes and error free data relating to tax payments.
E-payment facility at Customs locations was introduced in 2007 and is available through more than one authorized bank at all major Customs locations having ICES facility.
Though voluntary, the facility has been used by numerous importers. Besides expediting the process of payment of Customs duty and clearance of imported goods, the facility of e-payment has resulted in reduction of transaction cost.
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