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TMI BlogPhased Implementation of Electronic Cash Ledger (ECL) in Customs w.e.f 01.04.2023X X X X Extracts X X X X X X X X Extracts X X X X ..... ash Ledger (ECL) in Customs w.e.f 01.04.2023- reg. The Electronic Cash Ledger (ECL) functionality is envisaged in Section 51A of the Customs Act, 1962. It provides enabling provision whereby the importer, exporter or any person liable to pay duty, fees etc., under the Customs Act, has to make a non-interest-bearing deposit with the Government for the purpose of payment. The Customs (Electronic Cash Ledger) Regulations, 2022 (ECLR) notified vide No. 20/2022-Customs (N.T) dt. 30.03.2022 govern the manner of operationalization of ECL and related aspects. The statutory provision came into force on 01.06.2022. 2. Pending development of IT infrastructure and necessary integration with authorized banks, RBI and Pr.CCA (CBIC), all th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elating to Courier shipments would be required to be done through ECL from 01.05.2023 onwards. 3.3 Since item 3.1 IV above refers to the term electronic , the payment made through TR-6 challan for various purposes through authorized bank counter at the Customs locations would be exempted from the provisions of section 51A , till such activity is also migrated to the ECL in the subsequent phases. 4. The phased introduction of ECL is aimed at leveraging technology and reforming the payment process, inter-alia related to clearance of goods as the deposit may be held in ECL by the Trade for making subsequent transaction-wise payments of various types. This has potential to easing compliance in numerous ways. 1 5. After the intro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omplete the payment process. In such situation, at the back-end, a deposit challan for the same amount will be generated on the portal, deposited in ECL and debited from ECL as payment. In case, there is a rejection of payment challan at the application end, the payment can be re-initiated from the ECL by log into the portal. Modes enabled for deposit into ECL: 9.1 With internet banking as authorised mode, 12 banks 3 are already enabled for deposit into ECL. When other banks complete testing, they shall be onboarded for this purpose. 9.2 NEFT/RTGS mode of deposit into ECL is permissible for all banks. The users of those banks, which are not yet onboarded for internet banking, may also utilize this. However, the NEFT/RTGS faci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Director (Customs) Tel: 23093908 1 (a) Making deposits before goods arrival allows certainty in quick discharge duty 24 x 7 for clearance (b) Reducing instances of payment rejections (c) Reducing instances of double duty payment as rejected payment will stay at the ECL for re-initiating payment of duties (d) Importer who wishes to continue payment on transaction basis is being provided an option to pay on the portal for the same. Internally the, systems design takes care of routing the payments instantaneously through the ECL before accounting for duty payment (e) NEFT and RTGS modes of payment enabled, in addition to internet banking (f) Enables one-time importers to also make payment. 2 (a) Auto-debit o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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