TaxTMI 
TaxTMI 
Introduction of additional facilities in the EDI System ICES 1.5 version -Reg.
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....stoms and all other concerned is invited to certain additional facilities provided recently in the EDI system ICES 1.5 version, for facilitation of the trade. The new facilities enable generation of Short Paid Duty (Interest) Challan and payment of Interim Interest for Warehousing Bills of Entry, in the case of extension for warehousing period. Similarly, henceforth, the provisionally assessed Bil....
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....ate and collect the interim interests by the System electronically so that the said amount can be finally adjusted at the stage of last Ex-Bond Bill of Entry. This facility is incorporated in the 'SUX' role of the Supdt. (Bonds). b). During e-payment, when the payment received from the bank is short of amount due, the whole payment was getting rejected by the System, thus necessitating the import....
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....y amount, ie, additional duty has to be paid, a challan shall be generated from the ICLK role, so that the differential duty shall also be paid through the banks, as in the case of normal Bills of Entry. (However, the excess duty if any, can be refunded only in the manual procedure). The bond associated with the provisional assessment would be re credited by the AC/DC(Imports) in the ACL role , wh....