Integration of Extra Duty Deposit Payment Module in ICES

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..... Duty Deposit Payment Module in ICES Reg. 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 either 1% or 5% as per Para 9 of the Board s Circular No. .....

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..... er 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 will be gener .....

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..... te a new Challan. 9. This procedure shall be implemented from 01.09.2015 and from then onwards, manual payment of the EDD shall not be accepted and therefore, the trade is requested to kindly take note of the same. 10. If any problem is noticed in the above procedure, the same may be intimated to the Assistant Commissioner (EDI), NCH, Mangalore, for necessary action. .....

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