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Home > All news > Clear first pay later: EMI- A fast customs clearancescheme to strengthen trusted taxpayers

Clear first pay later: EMI- A fast customs clearancescheme to strengthen trusted taxpayers

6 hours ago
Reading Time: 2 minutes

NEW DELHI: Shri Yogendra Garg, Member and Special Secretary, CBIC, Ministry of Finance, addressed the CII outreach programme on the EMI Scheme and its linkage with AEO in Mumbai on17 April 2026. He underscored it as a trust-based customs reform designed to transform trade facilitation.He highlighted that the EMI Scheme enables approved manufacturer importers to defer payment of customs duties, allowing consolidation and settlement at the end of a monthly cycle instead of transaction wise payments. This significantly improves cash flow, reduces working capital pressures, and accelerates clearance of goods by removing delays linked to duty payments . . .

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