Excise Duties (Deferred Payment) Regulations, 2017

Regulations, 2017.

A person who imports dutiable goods in the course or furtherance of any business carried on by him may make an application to the Controller for —

the payment of excise duty to be deferred; and

permission for those goods to be removed from the place of manufacture specified in a licence under section 53, Ports Department warehouse, excise warehouse or licensed warehouse, as the case maybe, notwithstanding that the excise duty chargeable on the importation has yet to be paid.

Every application made under sub-regulation (1) —

The Controller may, on an application made under regulation 2(1) and on being satisfied that the applicant has complied with any requirements referred to in regulation 2(2)/b), approve the application subject to such conditions as he may impose.

The Controller may require the person to furnish security in such form and manner and in such amount and to make arrangements for the payment of customs duty as the Controller may determine.

An approval granted under sub-regulation (1) shall have effect for such period as the Controller may determine.

The Controller may, at any time, by notice in writing, vary or revoke any approval granted under this regulation if he is satisfied that the person —

A person to whom approval has been granted under this regulation shall not use the approval, and shall take all steps to ensure that no other person uses the approval (whether on behalf of the person or otherwise), except for the purposes for which the approval was granted.

A person to whom approval has been granted under this regulation shall immediately notify the Controller of any change relating to particulars or information furnished in respect of his application made regulation 2.