Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights August 2024 Year 2024 This

This circular announces the implementation of automation in the ...


Customs Automation for EOUs: Embracing Tech-Driven Compliance.

Circulars     Customs

August 29, 2024

This circular announces the implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 for Export Oriented Units (EOUs) effective September 1, 2024. EOUs will be required to obtain an IGCR Identification Number (IIN) on the ICEGATE portal and register their IGCR bond for filing a bill of entry with IGCR benefit. The existing customs clearance processes for EOUs will be replaced by IGCR procedures. The circular instructs EOUs to register immediately as the SEZ Unit becomes ICEGATE enabled. It directs customs officials to issue public notices, assist trade during the transition period, and issue standing orders. Any implementation difficulties should be reported to the Board.

View Source

 


 

You may also like:

  1. This circular pertains to the implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022,...

  2. Clarification with respect to amendments to Customs and Central Excise notifications for EOUs - reg.

  3. Nature of Duty Paid by 100% Export Oriented Units (EOU) - The CESTAT held that while the measure adopted for computing duty paid by 100% EOUs may be based on customs...

  4. Reduction of compliances and end-to-end automation of procedure relating to import of certain goods at concessional rate of duty - News

  5. This instruction clarifies that Customs Brokers should not be routinely implicated as co-noticees in cases involving interpretative disputes, unless their abetment in...

  6. Suspension of Customs Broker License - Deemed Suspension or automatic suspension? - There is no existence of any provision of “Deemed Suspension” or “automatic...

  7. Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 with effect from 01.03.2022 - Circular clarifying the detailed...

  8. Abolition of Mate receipt - since the advent of automation of Customs procedures, message exchange system, the manual issuance of mate receipt in the case of...

  9. The Commissioner of Customs, Mumbai Zone-II, announced a Mid-year Special Drive (MSD) at Jawaharlal Nehru Custom House to address bottlenecks in customs clearance...

  10. Classification of imported goods - Ext. Hard disc drives/Hard Disc Drives - The terms hard disk drive used in the notification has not been amplified either by adding...

  11. Refund of IGST - Difficulty at GSTN level - export of goods - Finding fault with the officer concerned also will not help as they are largely dependent on the network....

  12. Exemption from IGST and compensation cess to EOUs on imports extended till 31.03.2020

  13. General Bond (Form B-17) to be executed by the EOUs

  14. Special Drive Fortnight to rectify errors relating to IGST refunds.

  15. Classification of import of external/ portable hard disk drives - correctly classified under declared CTH 8471 70 20 as Hard disk drives - benefit of concessional rate...

 

Quick Updates:Latest Updates