Electronic cash ledger maintenance governs customs deposits, challan validity, payment channels, ledger credit, and remedies for failed identification transmission. Electronic cash ledger maintenance requires FORM ECL-1 entries for customs-related deposits and payments, with unique identification numbers recorded in ... Summary
Electronic cash ledger maintenance governs customs deposits, challan validity, payment channels, ledger credit, and remedies for failed identification transmission.
Electronic cash ledger maintenance requires FORM ECL-1 entries for customs-related deposits and payments, with unique identification numbers recorded in relevant customs declarations. Deposits are initiated using a FORM ECL-2 challan valid for fifteen days and may be made through authorised banking methods or a payment aggregator. Following successful credit, the collecting bank generates a Challan Identification Number, enabling ledger credit and portal receipt. Deposits earn no interest, and a person may electronically represent a failure to generate or transmit the identification number after bank-account debit.
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