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Issue ID: 110152
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Press Release - Bill of entry

Date 07 Apr 2016
Replies 3 Replies
Views 1322 Views
Asked by
Integrated Declaration replaces Bill of Entry, simplifying filings but creating Cenvat credit eligibility uncertainty under Rule 9.
The Bill of Entry has been replaced by an Integrated Declaration filed electronically on ICEGATE that consolidates declarations for multiple authorities. CBEC has issued a circular/public notice with details. The change simplifies filings but creates uncertainty for claiming Cenvat credit because Rule 9 of the Cenvat Credit Rules, 2004 specifically names the Bill of Entry as the eligible document; amendment or clarificatory guidance from the Board is anticipated. (AI Summary)

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.

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