Introduction of additional facilities in the EDI System ICES 1.5 version -Reg.

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....oms brokers, Custodians of imported goods, Officers of Customs 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 warehousin....

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....em. To avoid such issues, a facility has been introduced to generate 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 paymen....

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....C role. On final assessment by AC/DC, if there is a change in the duty 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 asses....