Deferred Payment of Import Duty (Amendment) Rules, 2023


The Central Government on 3rd August, 2023 has issued the Deferred Payment of Import Duty (Amendment) Rules, 2023. Where the Central Government considers it necessary and expedient, it may, under exceptional circumstances, and for reasons to be recorded in writing, allow payment of import duty to be made on a different due date.

The eligible importer shall be permitted to make the deferred payment if he has-

  1. paid the duty for a bill of entry within due date
  2. Paid the differential duty for the same bill of entry along with the interest on account of reassessment within one day(excluding holidays).

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