Customs Duty - E Payment

The circular issued by the Indian customs to make e-payment of Customs duty above Rs.1 Lakh mandatory with effective from 17.09.2012 onwards,

Any importer paying customs duty of Rs 1 lakh or more, will have to use electronic payment method compulsorily from September 17. Such a mechanism aims to reduce the transaction cost. An instruction issued by the Central Board of Excise and Custom (CBEC) says that e-payment will be mandatory for importers registered under Accredited Clients Programme also.

E-payment facility at Customs locations was introduced in 2007 and is available through more than one authorised bank at all major Customs locations having ICES facility. So far, using this had been on a voluntary basis.

E-payment is advantageous to tax payers 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.

List of Banks

S. No.	Name of Banks
1.	State Bank of India
2.	State Bank of Hyderabad
3.	State Bank of Bikaner & Jaipur
4.	State Bank of Travancore
5.	Punjab National Bank
6.	Bank of India
7.	Indian Bank
8.	UCO Bank
9.	United Bank of India
10.	Union Bank of India
11.	Bank of Maharashtra
12.	Corporation Bank
13.	IDBI Bank
14.	Bank of Baroda
15.	Canara Bank
16.	Indian Overseas Bank
17.	Central Bank of India

E-Payment step by Step