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of <h1>Indian Customs Launches Ex-Bond Shipping Bill in ICES 1.5 for Streamlined Export of Warehoused Goods.</h1> The circular from the Indian Ministry of Finance's Customs Department announces the implementation of an Ex-Bond Shipping Bill format in the ICES 1.5 system, facilitating the export of warehoused goods. This new format addresses previous gaps by capturing all removal transactions of cargo from bonded warehouses. The process requires exporters to declare specific warehouse details, and only one warehouse code can be used per shipping bill. The system links ex-bond shipping bills with original warehousing entries, updating the ledger accordingly. This format is exclusively for warehoused goods and does not offer export incentives. Stakeholders are advised to refer to the circular for detailed procedures.
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