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DEFERRED PAYMENT OF IMPORT DUTY

Customs - Import - Export - SEZ - By: - Mr. M. GOVINDARAJAN - Dated:- 5-12-2016 Last Replied Date:- 6-12-2016 - Deferred payment Section 47 of the Customs Act, 1962 ( Act for short) provides for clearance of goods for home consumption. Section 47(1) provides that where the proper officer is satisfied that any goods entered for home consumption are not prohibited goods and the importer has paid the import duty, if any, assessed thereon and any charges payable under this Act in respect of the same .....

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sewhere in this Act, the Central Government may make rules consistent with this Act generally to carry out the purposes of this Act. Section 156(2)(c) provides that in particular and without prejudice to the generality of the foregoing power, such rules may provide for the due date and the manner of making deferred payment of duties, taxes, cesses or any other charges under sections 47 and 51 (clearance of goods for exportation). Rules By virtue of powers given by the Act to the Central Governme .....

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ferred payment under Section 47(1) of the Act. AEO means Authorized Economic Operator certified by the Directorate General of Performance Management under the Central Board of Excise and Customs. Intimation by the importer Rule 4 provides that an eligible importer who intends to avail the benefit shall intimate to the Principal Commissioner of Customs or the Commissioner of Customs, having the jurisdiction over the port of clearance, his intention to avail the benefit of deferred payment. The Pr .....

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it. Nodal person Every importer certified as AEO-T2/AEO-T3 shall obtain ICEGATE Login which is essential to avail benefits envisaged in the AEO Programme. Further, in order to avail the facility of deferred payment, every AEO-T2/AEO-T3 is to nominate a nodal person borne on their establishment who would be responsible for authenticating all the customs related transactions on behalf of the AEO. Since the option of deferred payment has been extended only to AEO (Tier-Two) and AEO (Tier-Three), it .....

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erred payment is availed only by the eligible importer, option has been provided in ICEGATE Login for AEO Nodal person to acknowledge such intent and authenticate using One Time Password (OTP) sent to his registered e-mail address. The Nodal person would be able to authenticate multiple Bills of Entry at once. Only on such authentication by the eligible AEO importer, customs clearance would be provided for the consignment under deferred payment of duty Rules. Due date of payment of duty Rule 5 p .....

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