BUDGET 2021 RELATED Changes in EDI System ICES Advisory 07/2021

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.... Dated: 03.02.2021 PUBLIC NOTICE NO. 11/2021 Sub: BUDGET 2021 RELATED Changes in EDI System ICES Advisory 07/2021-reg. Kind attention of importers, exporters, customs brokers and all trade formulations is brought to the ICEGATE Advisory No.07/2021 regarding BUDGET 2021 related changes in EDI System. Union Budget 2021-22 announced on 1st February 2021 has introduced some key changes ....

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...., 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, for the purposes of calculating the Agricu....

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....uch 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 I to 16 of the Notification 11/2021 - Customs dated 01.02.2021, the relev....

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....ation: NOTN TYPE as 'C' and Additional Duty Flag as CA' * 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 Annexure C of the letter dated 01.02....