Govt unveils deferred customs duty payment facility for eligible manufacturer importers

IANS | March 1, 2026 11:22 AM

New Delhi, March 1 (IANS) In a bid to significantly improve ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a new facilitation measure for trusted manufacturers by enabling the facility of deferred payment of customs duty to a new category of importers called Eligible Manufacturer Importers (EMIs), it was announced on Sunday.

UPI transactions surge 27 pc annually at 20.39 billion in Feb: NPCI data

IANS | March 1, 2026 11:03 AM

New Delhi, March 1 (IANS) The unified payments interface (UPI) saw 27 per cent transaction count growth (year-on-year) at 20.39 billion in the month of February — along with registering 22 per cent annual growth in transaction amount at Rs 26.84 lakh crore, the National Payments Corporation of India (NPCI) data showed on Sunday.