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Regarding the Deferred Payment of Import Duty (Amendment) Rules, 2017

Circular No.ES/05/2017-18                                                                       April 03, 2017

To: Members of the Council

Sub: Regarding the Deferred Payment of Import Duty (Amendment) Rules, 2017

Dear Member,

CBEC has issued Notification No. 28/2017 Customs (N.T) dated 31.03.2017 by amending  the Deferred Payment of Import Duty Rules, 2016. namely: –

These rules may be called the Deferred Payment of Import Duty (Amendment) Rules, 2017 and shall come into force on the date of their publication in the Official Gazette.

In rule 5  (relates to Payment of Duty ) of the Deferred Payment of Import Duty Rules, 2016, for the clauses (a) to (d), the following clauses shall be substituted, namely: –

“(a) for goods corresponding to Bill of Entry returned for payment from 1st day to 15th day of any month, the duty shall be paid by the 16th day of that month;

(b) for goods corresponding to Bill of Entry returned for payment from 16th day till the last day of any month other than March, the duty shall be paid by the 1st day of the following month; and

(c) for goods corresponding to Bill of Entry returned for payment from 16th day till the 31st day of March, the duty shall be paid by the 31st March”.

Members may kindly make note of the same.

 Thanking you,

V.ANIL KUMAR
EXECUTIVE DIRECTOR

 

 

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