News · Eligible Manufacturer Importer Scheme and Customs Rules
Consider the following statements regarding the Eligible Manufacturer Importer (EMI) scheme and customs regulations:1.Deferred payment of customs duty is permitted under Section 47 of the Customs Act, 1962.2.The Central Board of Indirect Taxes and Customs (CBIC) is an apex statutory body functioning under the Department of Financial Services, Ministry of Finance.Which of the statements given above is/are correct?
