New Delhi, March 1 -- As announced in the Union Budget for 2026-27, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a new facilitation measure for trusted manufacturers by enabling the facility of deferred payment of Customs duty to a new category of importers called Eligible Manufacturer Importers (EMIs).

CBIC has issued detailed eligibility conditions, application process and operational guidelines through a circular on Saturday in this regard.

Under this initiative, Eligible Manufacturer Importers (EMI) will be able to clear imported goods without paying Customs duty at the time of clearance.

Instead, the applicable duty can be paid on a monthly basis as prescribed under the Deferred Payment of Import Duty Rule...