TaxTMI 
TaxTMI 
Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 with effect from 01.03.2022
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.... this regard. 2. The amendments are aimed at simplifying the procedures with a focus on automation and making the entire process contact-less. 3. These include: a) The process is being automated. The Rules prescribe the submission of the necessary details electronically, through the common portal. (as notified vide notification 33/2021 dated 29-03-2021 and accessible at the URL www.icegate.gov.in). b) The various forms have been standardized and notified for the purpose of electronic submission of details. c) Individual transaction based permissions and intimations, such as - intimation of the intent to import goods at a concessional rate of duty, intimation of the receipt of goods, permission to re-export or clear goods domestically etc, are all being done away with. d) A monthly statement would to be submitted by the importer on the common portal. e) A procedure for inter-unit transfer of the imported goods has been provided for. f) An electronic option for voluntary payment through the common portal, as specified in the Rules, is also being developed for implementation. 4. Procedure to be followed by an importer F....
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....est on the Customs Automated System. 4.6 The details of the bond number and bank guarantees will then be available for the importer to see on the common portal. The importer shall also have an option of topping up the amount of the bond and adding the details of the bank guarantee on the common portal and by providing bond addendum to the bond for adding bank guarantee as per the format given in Annexure-II of the said Notification. 4.7 It is clarified that if the bond/bank guarantee has already been furnished to the jurisdictional officer, there is no requirement to give a fresh bond/bank guarantee. The jurisdictional officer shall enter the details of such bond/bank guarantee in the customs automated system and generate the bond number. Import of goods at concessional rate 4.8 The importer shall mention the IIN and the continuity bond number and details while filing the bill of entry at the port of import. At the time of filing the Bill of Entry, following declaration should be made as per Para 5 of DG/System Advisory No. 02/2022 dated 28.02.2022: "Declarations at the time of filing of Bill of Entry: For availing IGCR benefits, the imp....
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..... It is clarified that the requirement of intimation when sending goods for job work, has been done away with. The importer shall maintain a record and mention such details in the monthly statement. 4.11 The maximum period for which the goods can remain with the job worker shall be six months from the date of invoice or e-way bill. Receipt of goods from the job worker: 4.12 After the completion of job work, there can be three scenarios - (a) the goods are received back in the premises of the importer, or, (b) the goods are cleared directly from the premises of the job worker, or (c) the goods are sent by the job worker to another job worker. In all such cases, the goods shall be sent under an invoice or wherever applicable, eway bill. The importer shall maintain a record of such movement of goods and mention the details in the monthly statement. Inter-Unit transfer of goods 4.13 A separate provision has been included for unit transfer of goods, where goods are sent to a different unit of the same importer. The goods, in such cases shall be sent under an invoice or wherever applicable, e-way bill, menti....
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....he form IGCR-3 prescribed. (refer rule 6 of said Notification) It is clarified that the first monthly statement under the changed procedures shall be submitted by the importers in the month of April 2022. 4.21 The importer shall, with respect to the goods imported, maintain an account as prescribed in rule 6. Further, with respect to inter-unit transfer of goods, the importer shall maintain an account as prescribed in rule (refer rule 6B of said Notification) These accounts shall be produced by the importer to the jurisdictional Deputy /Assistant Commissioner of Customs as and when required by the said officer 4.22 The job-worker shall also maintain an account as prescribed in rule 6A which shall be produced to the jurisdictional customs officer, as and when required by the said officer. 5. An importer or the job worker who contravenes the provisions of these rules shall be liable to a penalty as prescribed in the said rules (refer rule 8A of said Notification). It is clarified that, this is in addition to any other action taken under the Customs Act, 1962 for recovery of duties. 6. Transitional measures 6.1 In order to account for the stock of good....