TaxTMI 
TaxTMI 
Specified Import Cargo- Fast Track Clearance Procedure
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....king and other importers fulfilling certain conditions. 2. A review of the working of these procedures has revealed that on account of several factors many importers have not been able to avail of the procedures or have preferred to observe the usual procedure for reasons of their own. The procedure, as observed, has, however, been generally perceived to be restrictive in its application. 3. Taking note of the above perception and the representation of trade interests to liberalise the procedure further, it has been decided by the Board to introduce a 'Fast Track Clearance' Scheme for certain identified categories of imports. The scheme would be available initially at the sea ports of Mumbai, Chennai, Calcutta, Cochin, Kandla, Nhava-S....
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....e however, not eligible to avail of the scheme. B. Goods not Covered under the Scheme : (i) Goods for which an import licence or the execution of a Bond and/ or Bank guarantee is required i.e. other than cases where an LUT is prescribed/is required under the EXIM Policy; and (ii) Goods which are enumerated in the list at Annexure I to this letter, (which list may be amended from time to time) except when they are imported by importers covered under A(i) to A(v). C. Goods Also Eligible for the Treatment Envisaged Under the Scheme : The facility available under the scheme can also be extended to the following goods even when they are imported by any importer :- (i) Pulses (ii) Bulk imports of sulph....
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.... of Entry filed under this Scheme shall be identified by placing a green colour bank and a stamped endorsement 'Fast Track Clearance' on the right hand corner of each copy of Bill of Entry. The Bill of Entry should be accompanied by all the required documents. The Bill of Entry will be noted by the Import Department and passed on to the Fast Track Clearance Section where the duty calculations and exchange rates will be checked by the computist. The importer can proceed to pay duty on the basis of self-assessment of duty liability. At the time of duty payment he will submit all the original documents along with original Bill of Entry. An appraiser posted at the Cash Section specially for handling Bills of Entry filed under the scheme will gi....
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....s audit shall be completed within 48 hours of the clearance of the goods out of Customs control. In case any clarification is required, the matter will be examined by the same Group. They may also call for further documents from the party. In case any contravention of the Customs law and or non-fulfilment of the requirements of the Scheme is noticed, steps to recover the short - levy and initiation of penal proceedings against the importers would be taken up by this Group. Where it is felt that a licence is required for the licit import of goods, and such a licence has not been produced by the importer, further proceedings in this regard would also the initiated by this group. Further, if any importer has, knowingly, indulged in any violati....
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....98. Wide publicity may be given through Trade Notice and seminars/interactive sessions may be held with the trade interest and the CHAs to explain the requirements and benefits of the Scheme. Officers and staff to be posted to the Group that would handle the work relating clearance/audit of the goods imported under the Scheme should be carefully selected and trained before the commencement of the Scheme. All applications for working under the Scheme should be carefully selected and trained before the scheme. All applications for working under the scheme should be acknowledged immediately on receipt and within 48 hours thereof the applicant should be informed whether he is eligible to work under the Scheme or not. Wherever any importer has b....