India, March 1 -- The Government of India has issued a release:
In pursuance of the Union Budget 2026-27 announcement by the Union Minister for Finance and Corporate Affairs, 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 Circular No. 08/2026-Customs dated 28th February, 2026, in this regard.
Under this initiative, Eligible Manufacturer Importers (EMI) will be able to clear imported goods without paying Customs duty at the ti...