A
To waive all customs duties permanently for MSME exporters
B
To permit eligible trusted importers to pay customs duty on a periodic basis rather than per shipping bill prior to clearance
C
To allow foreign manufacturers to store goods in India without paying any indirect taxes indefinitely
D
To transfer the tax administration authority from CBIC to the Reserve Bank of India
Correct answer: (b) To permit eligible trusted importers to pay customs duty on a periodic basis rather than per shipping bill prior to clearance
Explanation
Deferred duty payment is a trade facilitation mechanism permitting eligible trusted importers to pay customs duty periodically rather than per shipping bill prior to clearance. Thus, option B is correct and others are factually incorrect.
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