Reducing/eliminating printouts in Customs Clearances
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....porters, Customs Brokers and all stakeholders involved in Customs clearance is invited to the Central Board of Excise and Customs (CBEC) Circular No. 55/2016-Customs dated 23.11.2016 on the above subject. 2. Government of India has taken-up a number of initiatives for promoting 'Ease of doing business'. One of the ways to make cargo clearance easier is to reduce the use of paper and to i....
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....or completing the e-Payment transaction. The receipt, which is based on payment confirmation by the bank, is generated by application at ICEGATE and transmitted onward to ICES application. At present, there are 3 copies of the GAR 7 forms/TR-6 challans, being generated and printed out along with the assessed copies of a Bill of Entry. 95% of the importers pay only through e-Payment, where the c....
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....t the destination ICD or Port. Transshipment permit can also be printed by the carrier in his office or in the custom house. Therefore, there does not remain need for printing the TP copy. However, where the ICDs/CFSs and the gateway port are not interconnected, manual copy or printing of TP copy may continue. c. Shipping Bill (Exchange Control copy and Export Promotion copy): After the Appr....
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.... Entry (Exchange Control Copy): IDPMS (Import Data Processing and Monitoring System) has been operationalised on 10.10.16. Under this system, physical transfer (Bill of Entry) of data from Customs/SEZs will be collated with Import payments data from banks. Accordingly, transactions where the amount has been remitted abroad but import for matching amount has not been evidenced, can be easily ide....
TaxTMI
TaxTMI