Government evaluates easing of import duty payment timelines
Updated Jan 25, 2021 06:55 am
- The government is evaluating relaxation of payment timelines of import duties so that many importers can hold on to their authorized economic operator, or AEO, status, a government official told ET.
- A delay in payment of the duties leads to higher interest, penalties, and the possibility of cancellation of the AEO certification.
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