TMI BlogIntegration of Extra Duty Deposit module in ICESX X X X Extracts X X X X X X X X Extracts X X X X ..... O. 14/2015 Subject : Integration of Extra Duty Deposit module in ICES reg. 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 Special Valuation Branch of the jurisdictional Custom House (New Custom House, Mumbai) issues Circular mandating the import ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch the Bill of Entry belongs, whether facilitated by RMS or not. 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 m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... role in ICES 1.5. and if required can re-enter the details and generate a new Challan. 9. This procedure 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 S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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