Press Release - Bill of entry

[SANDESH SHINDE]

Dear Sir,

Please explain in simple way regarding the Press release regarding the Customs SWIFT enables importers/exporters to file a common electronic‘Integrated Declaration’ on the ICEGATE portal.

It's beneficial points basically, Thanks & Regards.

AI Summary

Integrated Declaration Replaces Bill of Entry for Import/Export; Concerns on Cenvat Credit Under Rule 9 of CCR, 2004 A discussion on a customs-related press release highlights the transition to an Integrated Declaration for importers/exporters, replacing the Bill of Entry from April 1, 2016. This change, facilitated through the ICEGATE portal, aims to streamline the filing process by consolidating declarations for various authorities. However, concerns are raised about the implications for availing Cenvat Credit, as the Bill of Entry is a required document under Rule 9 of CCR, 2004. The hope is expressed that the Board will amend the rule to accommodate this new process. The forum includes requests for further information and references to official resources.