Unique Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has launched a deferred customs duty fee facility for eligible producer importers. The step, first launched in the FY27 budget, is geared toward helping companies successfully space up cash flows and working capital, supporting native manufacturing.
The belief-based “Eligible Manufacturer Importer” (EMI) blueprint, efficient April 1, will allow licensed companies to defer customs duty payments, the CBIC said, adding it has moreover notified eligibility criteria and operational guidelines for the programme.
Applications below the EMI blueprint would possibly perchance well be submitted online from March 1, 2026, and the means will plug through March 31, 2028. Below this initiative, EMIs would possibly perchance well have the chance to sure imported goods without paying customs duty at the time of clearance. As a exchange, the relevant duty would possibly perchance well be paid on a monthly basis as prescribed below the Deferred Payment of Import Responsibility Principles, 2016.
The deferred fee facility will be on hand to EMI assembly prescribed criteria linked to customs and goods and companies and products tax (GST) compliance, revenues, monetary standing, and previous tune file.
Customs commissioners will tune usage through ICES dashboards to create sure timely payments. Approval would possibly perchance well be suspended or revoked if eligibility prerequisites are breached.
“This reform is expected to significantly improve ease of doing business, strengthen the compliance culture, promote wider participation in the AEO programme and provide a boost to domestic manufacturing,” the ministry said.
Conditions Acceptable
In a separate spherical, CBIC said the applicant ought to be a producer-importer with a right importer exporter code and finally one lively GST registration, having filed finally 25 export-import documents much like payments of entry or shipping payments in the outdated monetary 365 days and having an annual combination turnover exceeding ₹5 crore.
The applicant must contain carried on exchange for finally two monetary years, contain filed all pending GST return-3B forms, and mustn’t contain unruffled tax without depositing it with the authorities. Extra, the entity need to don’t contain any file of arrest, conviction, prosecution, insolvency or financial damage below the regulations with sure rep price for the last two monetary years, supported by a certificate issued by a chartered accountant.
