<h1>Electronic Cash Ledger for Courier Imports Launches March 2024, Expands Payment Options for Express Industry.</h1> The Electronic Cash Ledger (ECL) for import duty payments on goods imported via courier mode is set to be implemented from March 1, 2024. This system allows the express industry to make payments through multiple banks using internet banking and NEFT/RTGS, expanding from the previous single-bank option. Initially launched for cargo at various ports in April 2023, the ECL's rollout involved trade familiarization through registration events and webinars. A successful pilot phase began in January 2024 across major cities. The ECL aims to streamline business operations for all EXIM stakeholders, enhancing payment convenience.