Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Integration of Extra Duty Deposit module in ICES- Regd.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 5 PUBLIC NOTICE 57/2015 Subject : Integration of Extra Duty Deposit module in ICES- Regd. 1. In the cases where the importer and the supplier are related in terms of the Rule 2(2) of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 , the SVB of the jurisdictional Custom House issues Circular mandating the importer to pay the Extra Duty Deposit (EDD) of ei .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ot. 4. The Appraiser has been provided with an option in his role in the ICES 1.5. to generate a separate challan for EDD on invoice basis and he has to select 1% or 5% of the assessable value as the rate based on the circular issued by SVB of the jurisdictional Custom House. 5. After the relevant entries are made and duly saved by the Appraiser of the concerned group, the Challan for EDD wi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rocedure shall be implemented with immediate effect and from now onwards manual payment of the EDD shall not accepted and therefore the trade is requested to kindly take note of the same. 10. If any problem is noticed on the above procedure the same may be addressed to the System Manager, JNCH, for necessary action. Sd/-23.07.2015 (SEEMA JERE BISHT) COMMISSIONER OF CUSTOMS (NS-1), .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates