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Extension of Deferred payment of Customs duty benefits to 'Authorised Public Undertakings - Customs - PUBLIC NOTICE No. 64/2020

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..... Notification No. 78/2020-Customs(N.T.) dated 19.08.2020. 2. The facility of deferred payment of Customs import duty shall be governed by the Deferred Payment of Import Duty Rules, 2016, as amended. It is expected that the extension of this facility to the Authorised Public Undertakings shall expedite the Customs clearance of their imported goods at the Ports/Airports/ICDs. 3. The facility of deferred payment of Customs import duty shall be available to Public Undertakings of Central and/or State Government which satisfy the following criterion: (i) Must be a Government company as defined in the Companies Act, 2013 or a statutory Corporation, a department or an autonomous body owned and/or controlled by the Central Government and/or State Go .....

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Extension of Deferred payment of Customs duty benefits to 'Authorised Public Undertakings - Customs

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..... ve, the cases where the show cause notices have been dropped or decided in favour of the applicant by the adjudicating or appellate authorities will not be considered. 4. The eligible Public Undertaking desiring to avail the facility of deferred payment of Customs import duty shall apply to the Principal Commissioner/Commissioner, Directorate of International Customs (DIC), CBIC in the form as per Annexure-I. After careful scrutiny of the application and satisfying himself that the applicant satisfies the eligibility conditions, the Principal Commissioner/Commissioner, DIC, CBIC shall approve the applicant as an 'Authorized Public Undertaking' eligible for availing the benefit of deferred payment of Customs import duty. The facility .....

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Extension of Deferred payment of Customs duty benefits to 'Authorised Public Undertakings - Customs

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..... ord (OTP) sent to his registered e-mail address/ contact number. The nodal person would be able to authenticate multiple Bills of Entry at once. Only on such authentication, the Customs clearance would be provided for the subject consignment under the Deferred Payment of Import Duty Rules, 2016. 7. The due dates for making the deferred payment of Customs import duty are specified in rule 5 of the said Deferred Payment of Import Duty Rules, 2016, which is reproduced for reference as follows : (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 .....

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