New Delhi, March 6 -- The Central Board of Indirect Taxes and Customs (CBIC) has extended the facility of deferred payment of customs import duty to Eligible Manufacturer Importers (EMIs).
The facility will come into effect from 1 April 2026 and will remain available until 31 March 2028.
Under the scheme, eligible manufacturers can defer customs duty payment on imports instead of paying it at clearance. Duties for a given month can be paid by the first day of the following month under the Deferred Payment of Import Duty Rules, 2016, easing working capital pressures and improving liquidity for manufacturers importing raw materials or capital goods.
The facility is intended as a transitional pathway to accreditation under the Authorised...