Processing of Bills of Entry under ICES(I), relating to: Export Promotion Schemes DEEC,DFRC,EPCG, REP etc; End use Bonds/Undertaking/CEX Certificates/other
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Export Promotion Scheme processing requires EDI registration of licences, bonds, and certificates before electronic Bills of Entry are accepted. Bills of Entry claiming exemptions under Export Promotion Schemes and conditional notifications must be processed through the ICES(Imports) EDI system with prior registration of the pertinent import licence, Release Advice, bond, bank guarantee or required certificates. The system maintains ledgers for licence face value and item-wise quantities, automatically debits bonds and licences upon electronic filing, rejects incomplete or inconsistent licence data, and enables assessing officers to verify originals, assess electronically, audit and approve entries; debits reverse automatically if notification benefits are denied.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export Promotion Scheme processing requires EDI registration of licences, bonds, and certificates before electronic Bills of Entry are accepted.
Bills of Entry claiming exemptions under Export Promotion Schemes and conditional notifications must be processed through the ICES(Imports) EDI system with prior registration of the pertinent import licence, Release Advice, bond, bank guarantee or required certificates. The system maintains ledgers for licence face value and item-wise quantities, automatically debits bonds and licences upon electronic filing, rejects incomplete or inconsistent licence data, and enables assessing officers to verify originals, assess electronically, audit and approve entries; debits reverse automatically if notification benefits are denied.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.