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BUDGET 2021 RELATED Changes in EDI System - Customs - Trade Facility No. 05/2021

Extract

..... ll the notifications on rate changes have been duly updated in ICES and System is restored for Bill of Entry filing on 03.02.2021. Kind attention from members of Trade is invited to the application of newly introduced levy in System as detailed below to ensure correct filing of Bills of Entry. 2. A griculture I nfrastructure and D evelopment C ess ( AIDC ) a) One of the major changes in the duty structure is the introduction of Agriculture Infrastructure and Development Cess (AIDC) on Import goo .....

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BUDGET 2021 RELATED Changes in EDI System - Customs

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..... to any other duties of customs chargeable on such goods, under the Customs Act, 1962 or any other law for the time being in force.” c) Similarly, Clause 116 levies AIDC as a duty of excise on excisable goods mentioned in the Seventh Schedule to the Finance Bill. In sub-clause (3), it is clarified that: “(3) The cess leviable under sub-section (1), chargeable on the scheduled goods, shall be in addition to any other duties of excise chargeable on such goods under the Central Excise Ac .....

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BUDGET 2021 RELATED Changes in EDI System - Customs

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..... the BE_DUTY table of the bill of entry to claim the above Exemption Notifications with following flags: Flags for Customs AIDC Notification: NOTN TYPE as ‘C’ and Additional Duty Flag as ‘A’ Flags for Excise AIDC 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 Anne .....

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BUDGET 2021 RELATED Changes in EDI System - Customs

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