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of <h1>Chennai Customs Abolishes Assessment Group 7; Introduces FIFO Rule and e-Payment for Export Duties via ICEGATE.</h1> The circular from the Office of the Commissioner of Customs in Chennai announces the abolition of Assessment Group 7 in the ICES system, effective May 8, 2018. Bills of Entry for schemes or licenses will now be assigned to Groups 1 to 6 based on the highest assessable value and will follow the First in-First out rule. Exporters are informed of the operationalization of e-payment for export duties through ICEGATE. Additionally, PFMS validation of bank account numbers is now mandatory for Drawback payments, aligning with the electronic processing of IGST Refunds and RoSL.
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