Assessment group discontinuation shifts export-scheme import assessments to standard groups; electronic payments and mandatory PFMS validation follow. All Bills of Entry under export schemes and licences filed on or after 08.05.2018 will be allotted to Groups I-VI based on the item of highest assessable value and processed under the First-in-First-out rule; Bills filed on or before 07.05.2018 pending assessment remain in the erstwhile Group VII. Registration and monitoring of scrips/licences, Bonds/BGs and Export Obligation discharge will continue to be maintained at the erstwhile Group VII section. E-payment via ICEGATE is operational for export duty/cess and PFMS bank account validation is mandatory for Drawback processing.
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Provisions expressly mentioned in the judgment/order text.
Assessment group discontinuation shifts export-scheme import assessments to standard groups; electronic payments and mandatory PFMS validation follow.
All Bills of Entry under export schemes and licences filed on or after 08.05.2018 will be allotted to Groups I-VI based on the item of highest assessable value and processed under the First-in-First-out rule; Bills filed on or before 07.05.2018 pending assessment remain in the erstwhile Group VII. Registration and monitoring of scrips/licences, Bonds/BGs and Export Obligation discharge will continue to be maintained at the erstwhile Group VII section. E-payment via ICEGATE is operational for export duty/cess and PFMS bank account validation is mandatory for Drawback processing.
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