The Hindu Business Line : More banks may get to collect customs duty

THE Central Board of Excise and Customs (CBEC) is in talks with the Principal Chief Controller of Accounts to allow more banks to collect customs duty on imports, a top Finance Ministry official has said.

"We are trying to address the problems faced by the trade in payment of duty. Right now we have only one bank in each place for acceptance of duty," Mr A.P. Sudhir, Member (Customs and Export Promotion), Central Board of Excise and Customs (CBEC), said in his address at the valedictory session of the national seminar on trade facilitation

On the issue of drawback payments, he conceded there were delays.

The CBEC Member also said that the Finance Ministry was keen to further simplify procedures relating to drawback payment and give more powers to local officers.

"Sometime ago in 2002 or 2003, we decided to transfer the work to the field formations so that you (trade) don't have to come to Delhi to get your drawback. We now have requests for the previous procedure. I am not sure that's a very good idea," he said, ruling out any such move.

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