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The Central Government amends the Deferred Payment of Import Duty Rules, 2016 to allow the Central Government to fix a different due date under exceptional circumstances. The Central Government permits an eligible importer to make the deferred payment when the importer pays the duty for a bill of entry within the due date and pays the differential duty with interest for the same bill of entry within one day excluding holidays. These rules come into force on the date of their publication in the Official Gazette.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 58/2023-Customs (N.T.)
New Delhi, dated the 3rd August, 2023
G.S.R… (E). - In exercise of the powers conferred by proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules further to amend the Deferred Payment of Import Duty Rules, 2016, namely:-
(2) They shall come into force on the date of their publication in the Official Gazette.
“Provided that, where the Central Government considers it necessary and expedient, it may, under exceptional circumstances, and for reasons to be recorded in writing, allow payment to be made on a different due date.”
“Provided further that the eligible importer shall be permitted to make the deferred payment if he has-
[F. No. 450/81/2016-Cus IV]
(Ananth Rathakrishnan) Director (Customs)
Note: The principal Notification No.134/2016-Customs(N.T.) dated the 2nd of November, 2016 was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 1037(E), dated the 2nd November 2016, and was amended by Notification No.28/2017-Customs(N.T.) dated the 31st of March, 2017, vide number G.S.R. 321(E) dated the 31st March 2017 and Notification No.79/2020-Customs(N.T.) dated the 19th of August, 2020, vide number G.S.R. 514(E) dated the 19th August, 2020.
