CHANGES IN RULES UNDER THE CUSTOMS ACT, 1962

S.No.

Amendment(s)

1.

Trade Facilitation- Amendment to IGCR rules, 2017 Customs (Import of goods at concessional rate of duty) Rules, 2017 are being amended to provide the following facilities:

a) To introduce end to end automation in the entire process. Requirement of submitting all the necessary details electronically, through a common portal, is being brought out in the Rules itself.

b) Standardizing and notifying the various forms in which details are to be submitted electronically.

c) Leveraging the advantage of such submissions electronically, the need for any transaction based permissions and intimations are all being done away with.

d) Consequently, the procedure to claim the notification benefit is being simplified and automated.

e) For effective monitoring of the use of goods for the intended purposes, a Monthly Statement is being proposed which is to be submitted by the importer on the Common Portal.

f) An option for voluntary payment of the necessary duties and interest, through the Common Portal is being provided to the importer.