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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New 2019 Regulations Streamline Export Processes: Automatic Filing, Self-Assessment, and Penalties for Non-Compliance.</h1> The Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019, replace the 2011 regulations, streamlining export processes for stakeholders like exporters and Customs Brokers. Key provisions include the automatic filing and self-assessment of shipping bills upon electronic entry, issuance of clearance orders post-assessment and payment, and a five-year retention requirement for assessed shipping bills and supporting documents. An authenticated copy of the shipping bill can be requested for legal compliance. Non-compliance with these regulations may result in a penalty of up to fifty thousand rupees. Stakeholders must adhere to these regulations or face penalties.
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