Integration of Extra Duty Deposit Payment Module in ICES

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....pplier are related in terms of the Rule 2(2) of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, the SVB of the jurisdictional Custom House issues Circular mandating the importer to pay the Extra Duty Deposit (EDD) of either 1% or 5% as per Para 9 of the Board's Circular No. 11/2001-Cus. dated. 23.02.2001. 2. Hitherto, the EDD was paid manually by the importer or Customs ....

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....elect 1% or 5% of the assessable value as the rate based on the circular issued by SVB of the jurisdictional Custom House. 5. After the relevant entries are made and duly saved by the Appraiser of the concerned group, the Challan for EDD will be generated in ICES 1.5 and particulars of EDD are forwarded to Bank for e-payment. 6. If the EDD particulars are entered and saved for particular Bill of....