The Customs Act,1962
CHAPTER VII
CLEARANCE OF EXPORT GOODS
Section 51: Clearance Of Goods For Exportation
Bare Act
(1) Where the proper officer is satisfied that any goods entered for export are not prohibited goods and the exporter has paid the duty, if any, assessed thereon and any charges payable under this Act in respect of the same, the proper officer may make an order permitting clearance and loading of the goods for exportation:
Provided that such order may also be made electronically through the customs automated system on the basis of risk evaluation through appropriate selection criteria:
Provided further that the Central Government may, by notification in the Official Gazette, permit certain class of exporters to make deferred payment of said duty or any charges in such manner as may be provided by rules.
(2) Where the exporter fails to pay the export duty, either in full or in part, under the proviso to sub-section (1) by such due date as may be specified by rules, he shall pay interest on said duty not paid or short-paid till the date of its payment at such rate, not below five per cent and not exceeding thirty-six per cent per annum, as may be fixed by the Central Government, by notification in the Official Gazette.
Simplified Act
(1) If the customs officer is convinced that the goods ready to be shipped overseas are allowed for export, and the exporter has paid any necessary taxes and fees, then the officer can approve the goods for export. This approval can also be done online using the customs computer system, which decides based on certain risk criteria.
Also, the government can announce special rules that let certain exporters delay paying these taxes and fees.
(2) If an exporter doesn't pay the export tax on time, as the rules specify, they must pay interest on the unpaid amount. The interest rate will be set by the government and will be between 5% and 36% per year.
