Article on “Deferred Payment of Customs Duties: Expansion of Facility to Eligible Manufacturer Importers (EMI)” by CA Manoj Malpani
Introduction Manufacturing businesses in India frequently rely on imported raw materials, components, and capital goods. Under the traditional customs framework, import duty is required to be paid at the time of clearance of goods, which often results in significant working capital blockage for importers. In order to ease this burden and promote trade facilitation, …
