TaxTMI 
TaxTMI 
Allowing Implementation of Ex-Bond Shipping Bill in ICES 1.5 -Reg.
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....4 PUBLIC NOTICE - 04 / 2024 -- Customs Sub : Allowing Implementation of Ex-Bond Shipping Bill in ICES 1.5 -Reg. **** The attention of Importers, Customs Brokers, Warehouse licensees, members of the trade and all other stakeholders are invited to the Circular No.22/2023-Customs dated 19th September 2023 issued by the CBIC regarding Implementation of Ex-Bond Shipping Bill in ICES 1.5. Also atten....
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....sed goods. Due to this, the ledger of warehoused goods was not complete as all transactions of removal of cargo were not captured. 2. Now, a format for ex-bond SB has been developed on ICES for processing of export of warehoused goods from a bonded warehouse. The design and workflow are as follows: (i) While filing an ex-bond SB, the exporter needs to declare the warehouse code in the single wi....
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....(iv) In ex-bond SB, for each item, details of into-bond BE i.e. BE No. and date, invoice no., sl. no. etc., shall be mandatory. For each item, only one into-bond BE can be captured. For example, if fifty units of the same item were warehoused under five different into-bond BE (ten units under each into-bond BE) and now the exporter wants to export these fifty items, he will have to declare these g....
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....s under section 65 in a bonded warehouse. However, if the goods imported in a warehouse where permission has been granted under section 65, are exported as such then the above mentioned ex-bond SB can be filed. 2.2 No incentive such as Drawback, RoDTEP/ RoSCTL benefit, advance authorisation/ EPCG etc. shall be available for such cargo and the SB would be a free SB. 3. In the above referred Advis....