Phased Implementation of Electronic Cash Ledger (ECL) in Customs w.e.f 01.04.2023
The Electronic Cash Ledger (ECL) functionality under Customs Act, 1962 provides enabling provision whereby the importer, exporter or any person liable to pay duty, fees etc., under the Customs Act, has to make a non-interest-bearing deposit with the Government for the purpose of payment. The statutory provision came into force on 01.06.2022. Pending development of […]