ICES Advisory on Budget 2021 related changes in EDI system

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....hanges in EDI system -regarding. Attention of the Importers, Exporters, Customs Brokers and all other Stakeholders is invited to ICES Advisory No.07/2021 dated 02.02.2021 on the above subject. 2. Union Budget 2021-22 announced on 1st February 2021 has introduced some key changes on the Customs front. Changes in the duty structure and introduction of new levies has come into effect from 02-02....

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.... Act), being the goods imported into India, at the rate not exceeding the rate of customs duty as specified in the said Schedule, for the purposes of financing the agriculture infrastructure and other development expenditure" b. Further, for the calculation for AIDC, sub-clauses (3) and (4) state: "3) Where the duty is leviable on the goods at any percentage of its value, then, f....

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....o any other duties of excise chargeable on such goods under the Central Excise Act, 1944 or any other law for the time being in force. d. Necessary changes have been done in the System to include the new levy. AIDC as a duty of Customs will be applicable for all items unless exemption is claimed by relevant notification. For all items falling under the SI No 1 to 16 of the Notification 11....

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.... Flags for Customs AIDC Notification: NOTN TYPE as 'C' and Additional Duty Flag as 'A' Flags for Excise AIDC Notification: NOTN TYPE as E' and Additional Duty Flag as A Necessary changes have also been made in other modules of ICES for facilitating changes in the assessment and duty calculation. g. Further it is clarified in Para I (3) of Annexu....