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of <h1>Customs Update: New Duty Rules Post-Budget 2021-22, AIDC on Imports, Exemptions for Gold & Silver Explained.</h1> The circular from the Office of the Principal Commissioner of Customs in Visakhapatnam addresses changes in the Electronic Data Interchange (EDI) system following the Union Budget 2021-22. Key updates include the introduction of the Agriculture Infrastructure and Development Cess (AIDC) on imported goods, with necessary system adjustments for duty calculation. Importers must declare relevant notifications in their Bills of Entry to claim exemptions. The circular also clarifies the application of AIDC on excisable goods and exemptions for certain items like gold and silver. Stakeholders are advised to verify duty calculations manually during the initial implementation phase.
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