In order to avail the deferred duty payment facility, the PSUs will require to register with the CBIC on the basis of a recommedation letter from a joint secretary-level officer of their administrative minsitry/department, added CBIC.
The CBIC further said that as an additional facilitation exercise, it has done away with the earlier requirement of the approved AEOs having to intimate every Customs Port of their entitlement to avail the facility of deferred payment of customs duties. “This would now be handled centrally, which is expected to ease the complaince requirement of the eligible importers. This will also apply to the approved PSUs,” CBIC said.
The facility of deferred payment of customs duties is a part of CBIC’s reform ‘Turant Customs’ which envisages a faceless, contactless and paperless customs environment. “The objective is to enhance the ease of doing business and bring in more efficiency and improvement in turnaround time, ultimately leading to a reduction in the time and costs associated with the Customs clearance processes,” said CBIC.
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