- CBIC organized a high-level outreach programme in New Delhi to promote the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI), engaging senior customs officials, trade bodies, and industry stakeholders.
- The EMI Scheme allows eligible manufacturer importers, including MSMEs, to defer import duty payments and clear goods without upfront payment, with duties payable monthly.
- Key benefits include improved liquidity, faster clearance, better import planning, strengthened payment discipline, enhanced competitiveness, and supply chain efficiency.
- Eligibility requires a valid IEC, a minimum number of EXIM documents filed, GST compliance, financial solvency, and a clean compliance record.
- Applications are fully digital via the AEO portal, with the scheme available from April 1, 2026, to March 31, 2028, across all Customs formations.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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