9911796707
TMI BlogBUDGET 2021 RELATED Changes in EDI System ICES Advisory 07/2021X X X X Extracts X X X X X X X X Extracts X X X X ..... ub: BUDGET 2021 RELATED Changes in EDI System ICES Advisory 07/2021-reg. Kind attention of importers, exporters, customs brokers and all trade formulations is brought to the ICEGATE Advisory No.07/2021 regarding BUDGET 2021 related changes in EDI System. Union Budget 2021-22 announced on 1st February 2021 has introduced some key changes on the Customs front. Changes in the duty structure and int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the said Schedule, for the purposes of financing the agriculture infrastructure and other development expenditure. b) Further, for the calculation for AIDC, sub-clauses (3) and (4) state: "(3) Where the duty is leviable on the goods at any percentage of its value, then, for the purposes of calculating the Agriculture Infrastructure and Development Cess under this section, the value of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng in force." d) Necessary changes have been done in the System to include the new levy. AIDC as a duty of Customs will be applicable for all items unless exemption is claimed by relevant notification. For all items falling under the SI No I to 16 of the Notification 11/2021 - Customs dated 01.02.2021, the relevant notification and sl no will have to be mentioned by the importer in the Bill ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DC Notification: NOTN TYPE as 'E' and Additional Duty Flag as 'A' Necessary changes have also been made in other modules of ICES for facilitating changes in the assessment and duty calculation. g) Further it is clarified in Para I (3) of Annexure C of the letter dated 01.02.2021 issued by JS(TRU-I) that SWS would be levied on AIDC. For the exemption mentioned for gold and silver ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
