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of <h1>Deferred Payment of Import Duty Rules, 2016: Enacted Under Sections 47 and 156 of the Customs Act, 1962.</h1> The Deferred Payment of Import Duty Rules, 2016, established by the Government of India under the Ministry of Finance, Department of Revenue, were notified on November 2, 2016, and came into effect on November 16, 2016. These rules were enacted under the authority granted by sections 47 and 156 of the Customs Act, 1962, allowing for deferred payment of import duties.
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