ICES Advisory 13/2019 dated 29.05.2019 and 20/2019 dated 09.09.2019- Introduction of Project Imports Module in ICES

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....f Systems, New Delhi. 2. As per the ICES Advisory No. 13/2019 dated 29.05.2019, a holistic Project Imports Module has been developed in ICES system replacing the manual process which is currently being in use for Project Imports. The Project Imports Module developed in ICES now is aimed at covering the following processes: A. Registration of a Project and generation of a Project number B. Bond Registration for Project Imports C. Filing of provisional BES with project number and bond details. Item wise debits in the project/bond for every BE D. Finalization of the Provisional BES and re-crediting of the Bond A. Registration Project Registration functionality has been developed on the lines of license registration. The regis....

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.... of REB and ACB. Only when a PI bond is registered can project be registered quoting the same in registration form. C. Filing of import declarations Once a project (license) number is generated, the same can be used to file import declarations similar to how declarations with EP licenses are filed. The BES will have to be filed with PI as the scheme code and the serial numbers of the items of import will also have to be quoted as per the project registration along with the Project number in the license table. The bond details will reflect similarly at the time of assessment and with the corresponding debit value. The project ledger will also be maintained the same way as the license ledger in the System with both item quantity and value....