DEFERRED PAYMENT OF IMPORT DUTY RULES, 2016

[M.F. (D.R.) Notification No. 134/2016-Cus. (N.T.), dated 2-11-2016]

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, namely :-

1. Short title and commencement. (1) These rules may be called the Deferred Payment of Import Duty Rules, 2016.

(2) They shall come into force on the 16th day of November, 2016.

2. Definitions. (1) In these rules, unless the context otherwise requires,-

(a) Act means the Customs Act, 1962 (52 of 1962);

(b) due date means the date specified in rule 5 of these rules;

(c) eligible importer means any class of importers notified under proviso to sub-section (1) of section 47 of the Act.

(2) Words and expressions used and not defined herein but defined in the Act, shall have the meanings respectively assigned to them in the Act.

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.