Deferred Payment of Import Duty Rules, 2016.
Notification No. 134/2016-Customs (N.T.) dated the 2.11. 2016 ,amended by Notification No. 128/2017-Customs (N.T.) dated the 31.03.2017, Notification No. 79/2020-Customs (N.T.) dated the 19.08. 2020
G.S.R. (E)---- In exercise of the powers conferred by the proviso to sub-section (1) of sections 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 :-
1. Short title and commencement-
(1) These rules may be called the Deferred Payment of Import Duty Amendment Rules, 2020.
2. Definitions. -
-(1) In these rules, unless the context otherwise requires,-
3. Application. -
These rules shall apply to eligible importer who have been notified under the proviso to sub-section (1) of section 47 of the Act.
4. Payment of duty. -
The eligible importer shall pay the duty by the dates specified hereunder inclusive of the period (excluding holidays) as mentioned in sub-section (2) of section 47 of the Act, namely:-
5. Manner of payment.-
The eligible importer shall pay the duty electronically:
Provided that the Assistant Commissioner or the Deputy Commissioner of Customs, as the case may be, for reasons to be recorded in writing, may allow payment of duty by any mode other than electronic payment.
6. Deferred payment not to apply in certain cases.-
An eligible importer who fails to pay duty in full by due date more than once in a period of three consecutive months shall not be permitted to make deferred payment.
7. Exemption in respect of certain goods.-
Nothing contained in these rules shall apply to the goods which have not been assessed or not declared by the importer in the entry made under the Act.