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Facility of deferred payment of customs duty extended to PSUs

Facility of deferred payment of customs duty extended to PSUs

New Delhi, Aug. Aug 25 : In an attempt to facilitate faster clearance of imported goods, the Central Board of Indirect Taxes and Customs has extended the facility of deferred payment of customs to public sector undertakings (PSUs). Under the new norms, authorised PSUs would be allowed to clear the goods imported by them through customs first and then pay duty later, within 14 days. “This measure is expected...

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