Home› India› Ministry of Finance› In exercise of the powers conferred by proviso to sub sectio...
Date: 03-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by proviso to sub section (1) of section 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules further to amend the Deferred Payment of Import Duty Rules, 2016

Issued by Ministry of Finance · Department of Revenue

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The notification No. 58/2023-Customs (N.T.) amends the Deferred Payment of Import Duty Rules, 2016. It grants the Central Government the power to allow deferred payment of import duty on a different due date under exceptional circumstances. It also permits eligible importers to make deferred payments even if differential duty due to reassessment is paid with interest within one day of the original due date (excluding holidays).

Key Changes

  • Rule 4 of the Deferred Payment of Import Duty Rules, 2016 is amended to include a provision that the Central Government may allow payment on a different due date under exceptional circumstances and for reasons recorded in writing.
  • Rule 6 of the Deferred Payment of Import Duty Rules, 2016 is amended to allow eligible importers to make deferred payments if the original duty for the bill of entry was paid on time and the differential duty due to reassessment is paid with interest within one day (excluding holidays).

Impact Analysis

Impact on Importers

  • Reduces the burden on importers facing reassessment by allowing them to make deferred payments even if the differential duty (along with interest) is paid within one day of reassessment (excluding holidays), provided the original duty was paid on time.

Impact on Government

  • The government needs to monitor the implementation of the one-day window for differential duty payments to prevent misuse.

Suggested Action Items for Importers

  • Importers should maintain proper documentation to support requests for deferred payment based on exceptional circumstances.

Key Entities Referenced

Customs Act, 1962: The principal legislation governing customs duties in India. Sections 47 and 156 are referenced as the source of the powers exercised in the notification. Central Government: The authority empowered to amend and implement the Deferred Payment of Import Duty Rules, 2016 and to grant exceptions under exceptional circumstances. Central Board of Indirect Taxes and Customs (CBIC): The government agency responsible for administering customs laws and rules. Deferred Payment of Import Duty Rules, 2016: The original rules that are being amended by this notification. These rules govern the deferred payment of import duties. Notification No.134/2016-Customs(N.T.) dated the 2nd of November, 2016: The principal notification for the Deferred Payment of Import Duty Rules, 2016. Notification No.28/2017-Customs(N.T.) dated the 31st of March, 2017: Amendment to the principal notification. Notification No.79/2020-Customs(N.T.) dated the 19th of August, 2020: Amendment to the principal notification.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03082023-247830 xxxGIDHxxx CG-DL-E-03082023-247830 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 458] नई दिल्ली, बृहस्ट्प जतिार, अगस्ट्त 3, 2023/श्रािण 12, 1945 No. 458] NEW DELHI, THURSDAY, AUGUST 3, 2023/SHRAVANA 12, , 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर और सीमािल्ु क बोडड) अजधसचू ना नई दिल्ली, 3 अगस्ट्त, 2023 सख्ं या 58/2023-सीमािल्ु क (ग.ै टे.) सा.का.जन. 585(अ).—सीमािुल्क अजधजनयम, 1962 (1962 का 52) की धारा 47 की उप-धारा (1) के परंतुक और धारा 156 द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केंद्र सरकार एतिद्वारा आयात िुल्क के आस्ट्थजगत भगु तान जनयम, 2016 म ेंआग े संिोधन करन े के जलए जनम्नजलजखत जनयम बनाती ह,ै अथाडत्: 1. (1) इन जनयमों को आयात िल्ु क का आस्ट्थजगत भगु तान (संिोधन) जनयम, 2023 कहा िाए। (2) ये सरकारी रािपत्र म ें उनके प्रकािन की तारीख स ेलाग ूहोंगे। 2. आयात िल्ु क के आस्ट्थजगत भगु तान जनयम, 2016 म ें (एतजममन पश्चात जिसे उि जनयम स े संिर्भडत दकया गया ह)ै , जनयम 4 म,ें जनम्नजलजखत परंतुक अंतःस्ट्थाजपत दकया िाएगा, अथाडत्:- "बिते दक, केंद्र सरकार, िहां आिमयक और समीचीन समझती हो, असाधारण पररजस्ट्थजतयों में और जलजखत रूप म ें ििड दकए िान े िाल े कारणों के जलए, एक अलग जनयत तारीख को भुगतान करने की अनुमजत ि ेसकती ह।ै "; 5021 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 3. उि जनयमों म,ें जनयम 6 में, जनम्नजलजखत परंतुक अतं ःस्ट्थाजपत दकया िाएगा, अथाडत:् - “बिते और भी दक कोई पात्र आयातक को आस्ट्थजगत भुगतान करन े की अनुमजत िी िाएगी यदि उसने- (i) जनयम (4) के अनुसार जनयत तारीख के भीतर जबल ऑफ एंरी के जलए िुल्क का भुगतान कर दिया ह;ै और (ii) एक दिन के भीतर (छुरियों को छोड़कर) पुनमल्ूड यांकन के कारण ब्याि के साथ उसी जबल ऑफ एंरी के जलए जिभेिक िुल्क का भगु तान कर दिया ह।ै [फा. स.ं 450/81/2016-सीमािुल्क IV] आनंि राधाकृष्णन, जनिेिक (सीमािुल्क) रटप्पणीः मलू अजधसूचना स.ं 134/2016- सीमािुल्क (ग.ैट.े ), दिनांक 2 निंबर, 2016 जिसे सा.का.जन. 1037(अ), दिनांक 2 निंबर, 2016 को भारत के रािपत्र असाधारण, भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था और इसम ें अजधसूचना स.ं 28/2017-सीमािुल्क (ग.ैटे.), दिनांक 31 माच,ड 2017 जिसे सा.का.जन. 321(अ), दिनांक 31 माच,ड 2017 और अजधसूचना स.ं 79/2020 सीमािुल्क (ग.ैटे.), दिनांक 19 अगस्ट्त, 2020 जिसे सा.का.जन. 514(अ), दिनांक 19 अगस्ट्त, 2020 के तहत प्रकाजित दकया गया था, के द्वारा सिं ोधन दकया गया ह।ै MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 3rd August, 2023 No. 58/2023-Customs (N.T.) G.S.R. 585(E).—In exercise of the powers conferred by proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules further to amend the Deferred Payment of Import Duty Rules, 2016, namely:- 1. (1) These rules may be called the Deferred Payment of Import Duty (Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Deferred Payment of Import Duty Rules, 2016, (hereinafter referred to as the said rules), in rule 4, the following proviso shall be inserted, namely: - “Provided that, where the Central Government considers it necessary and expedient, it may, under exceptional circumstances, and for reasons to be recorded in writing, allow payment to be made on a different due date.” 3. In the said rules, in rule 6, the following proviso shall be inserted, namely: - “Provided further that the eligible importer shall be permitted to make the deferred payment if he has- (i) paid the duty for a bill of entry within due date in terms of rule 4; and (ii) paid the differential duty for the same bill of entry along with the interest on account of reassessment within one day (excluding holidays).” [F. No. 450/81/2016-Cus IV] ANANTH RATHAKRISHNAN, Director (Customs) Note: The principal Notification No.134/2016-Customs(N.T.) dated the 2nd of November, 2016 was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 1037(E), dated the 2nd November 2016, and was amended by Notification No.28/2017-Customs(N.T.) dated the 31st of March, 2017, vide number G.S.R. 321(E) dated the 31st March 2017 and Notification No.79/2020-Customs(N.T.) dated the 19th of August, 2020, vide number G.S.R. 514(E) dated the 19th August, 2020. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research

Related Documents from Ministry of Finance