Deferred payment of Customs duty extended to authorized public undertakings, subject to eligibility, ICEGATE OTP authentication and monitoring. Extension of the deferred payment of Customs import duty to Authorized Public Undertakings (APUs) is authorised from the Notification dated 19.08.2020 and governed by the Deferred Payment of Import Duty Rules, 2016 (as amended). Eligible APUs-Government companies, statutory corporations, departments or autonomous bodies with IEC and requisite governmental recommendation-must apply to the Principal Commissioner/Commissioner, DIC, CBIC for a two-year approval (renewable). Approved APUs must obtain ICEGATE login, authenticate deferred-payment intent via OTP, indicate flag 'D' on Bills of Entry for clearance, and remit duty by the due dates prescribed in rule 5, with monitoring and potential revocation for non-compliance.
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Deferred payment of Customs duty extended to authorized public undertakings, subject to eligibility, ICEGATE OTP authentication and monitoring.
Extension of the deferred payment of Customs import duty to Authorized Public Undertakings (APUs) is authorised from the Notification dated 19.08.2020 and governed by the Deferred Payment of Import Duty Rules, 2016 (as amended). Eligible APUs-Government companies, statutory corporations, departments or autonomous bodies with IEC and requisite governmental recommendation-must apply to the Principal Commissioner/Commissioner, DIC, CBIC for a two-year approval (renewable). Approved APUs must obtain ICEGATE login, authenticate deferred-payment intent via OTP, indicate flag "D" on Bills of Entry for clearance, and remit duty by the due dates prescribed in rule 5, with monitoring and potential revocation for non-compliance.
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