Deferred Payment of Customs Duty for Eligible Manufacturer Importers (EMI)
The Central Board of Indirect Taxes and Customs (CBIC) has extended the facility of deferred payment of Customs import duty to a new category called Eligible Manufacturer Importers (EMI). This facility allows eligible importers to obtain Customs clearance first and pay the assessed import duty later, within prescribed due dates. For manufacturers, this improves liquidity […]