Customs Circular 03/2026 Dated 01/02/2026 – Extension of  time period under Deferred Import Duty Scheme 

In view of trade recommendations, CBIC has extended the deferred payment period for import duties from 15 days to 30 days by amending Rule 4. Under the revised framework, duties for Bills of Entry returned in any month other than March are payable by the 1st day of the following month, while those returned in March must be paid by 31 March. 

(Link: Customs Circular 03/2026 Dated 01/02/2026)

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