Integration of Extra Duty Deposit module in ICES

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.... : Integration of Extra Duty Deposit module in ICES - reg. 1. In the cases where the importer and the supplier are related in terms of the Rule 2(2) of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, the Special Valuation Branch of the jurisdictional Custom House (New Custom House, Mumbai) issues Circular mandating the importer to pay the Extra Duty Deposit (EDD) of ei....

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.... 4. The Appraiser has been provided with an option in his role in the ICES 1.5 to generate a separate challan for EDD on invoice basis and he has to select 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 ....