Budget Related Changes In ICES

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... all. Importers, Customs Brokers, Members of the Trade industry Associations, Customs Officers and others is invited towards the Union Budget 2018-19. Union Budget 2018-19 announced on IA Feb, 2018 has introduced some key change on the customs front. While some legislative changes like duty ledger, system release of goods etc. shall come into effect from a date to be notified, changes in the duty .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ate of Social Welfare Surcharge been fixed at 10% by the Finance Bill. 11/2018- Cus and 12/2018-Cus, both dated 02.02.2018 exempt Social Welfare Surcharge on the listed items partially or fully. ICES 1.5 has been updated with all the rates notifications. The system shall levy the default surcharge rate of 10% automatically on all goods. To claim exemption, the notification details can be entered i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ation has been given in Annexure II of the D.O. from JS (TRU-I). ICES 1.5 has been updated to automatically apply the Cess of ₹ 8 per Litre on the scheduled goods. The above changes may be made note of and BES may be filed accordingly. 3. Difficulties, if any, feed in the implementation of this Public Notice may be brought to the notice of the undersigned. 4. This issues with approval .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X