In exercise of the powers conferred by proviso to sub-section (1) of section 47 of the Customs Act, 1962 (52 of 1962), the Central Government permits the following class of importers to make deferred payment of import duty:

(i) Importers certified under Authorized Economic Operator programme as AEO (Tier-Two) and AEO (Tier-Three);

(ii) Authorised Public Undertaking.

Explanation : For the purpose of this notification :-

(i) AEO means Authorised Economic Operator ;

(ii) Authorised Public Undertaking means Authorised Public Undertaking,

approved by the Directorate of International Customs under the Central Board of Indirect Taxes and Customs.

(Shaifali G. Singh)

Under Secretary to the Govt. of India