State the due dates for payment of deferred customs duty under 'Clear first, Pay later' system evolved under the Customs Act, 1962.

The due dates for payment of deferred Customs duty are - S. No. Goods corresponding to bill of entry returned for payment from Due date of payment of duty, inclusive of the period (excluding holidays) as mentioned in section 47(2) 1. 1st day to 15th day of any month 16th day of that month 2. 16th day till the last day of any month other than March 1st day of the following month 3. 16th day till the 31st day of March 31st March