BUDGET 2021 RELATED Changes in EDI System

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....No. 05/2021 Subject: BUDGET 2021 RELATED Changes in EDI System - Reg 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 02-02-2021. All the notifications on rate changes have been duly updated in ICES and System is restored for Bill of Entry filing on ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....re 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 Agriculture Infrastructure and Development Cess under this section, the value of such goods shall be calculated in the same manner as t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s 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 Sl. No. 1 to 16 of the Notification 11/2021 - Customs dated 01.02.2021, the relevant notification and Sl. No. will have to be mentioned by the importer in the Bill of Entry for the applicable effecti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 01.02.2021 issued by JS(TRU-1) that SWS would be levied on AIDC. For the exemption mentioned for gold and silver in the same para, Noti....