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

TMI Blog

Home

Introduction of Project Imports Module in ICES

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . Dated: 21-06-2019 PUBLIC NOTICE No. 05/2019 Sub: Introduction of Project Imports Module in ICES - Reg. Attention of all Customs Brokers, Importers, Members of the Trade and other stake holders is invited towards the ICES Advisory No. 13/2019 dated 29.05.2019 regarding Introduction of Project Imports Module in ICES. 2. Project Imports registration as per the Project Imports Regulations, 19 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (iv) Finalization of the Provisional BES and re-crediting of the Bond. 2.1 Registration Project Registration functionality has been developed on the lines of license registration. The registration has to be done in the LIC role under License Registration. The same form as available at the time of registering licenses will be used for generating project number in the System. Following poin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ense management), a 10-digit number license number would be generated by the System with the first two digits as 99. This can be treated as the Project number, for further quoting the same in the Bills of Entry. 2.2 Bond Registration For the purposes of Project Imports, a new category of bonds with the code PI have been created. This bond is a national provisional bond, and can be used for i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e System with both item quantity and value debits. For imports at ports other than the port of registration, online TRA can be issued in the System at the port of registration. A detailed advisory on the filing of import declarations including necessary information for the benefit of trade will follow. 2.4 Finalization of Project The finalization of all the BES under a project and recreditin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates