TMI BlogImplementation of automation in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 with effect from 01.03.2022X X X X Extracts X X X X X X X X Extracts X X X X ..... cessional Rate of Duty) Rules, 2017 (hereinafter referred to as IGCR Rules, 2017 ). These changes come into effect from 1st March, 2022. 2. The amendments are aimed at simplifying the procedures with a focus on automation and making the entire process contact-less. 3. These include: a) The process is being automated. The Rules prescribe the submission of the necessary details electronically, through the common portal. (The common portal is the one notified vide notification 33/2021 dated 29-03-2021 and accessible at the URL www.icegate.gov.in). b) The various forms have been standardized and notified for the purpose of electronic submission of details. c) Individual transaction based permissions and intimations, such as - intimation of the intent to import goods at a concessional rate of duty, intimation of the receipt of goods, permission to re-export or clear goods domestically etc, are all being done away with. d) A monthly statement would to be submitted by the importer on the common portal e) A procedure for inter-unit transfer of the imported goods has been provided for. f) An electronic option for voluntary payment through the common portal, as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er shall enter the details of such bond/bank guarantee in the customs automated system and generate the bond number. Import of goods at concessional rate 4.8 The importer shall mention the IIN and the continuity bond number and details while filing the bill of entry at the port of import. On the basis of the same, the Deputy Commissioner or Assistant Commissioner of Customs at the port of importation shall allow the benefit of exemption notification. Once a bill of entry is cleared for home consumption, the bond submitted by the importer gets debited automatically in the customs automated system. These details shall be available to the jurisdictional customs officer through the common portal. (refer rule 5 ) Receipt of goods 4.9 These Rules cover the receipt of goods in three scenarios: (a) Goods are received in the premises of the importer; (b) Goods are directly received at the premises of the job -worker; or (c) Goods are partly received at the importer s and partly sent to the job worker s premises In all such cases, the requirement of intimating the receipt of the goods has been done away with. However, any non-receipt or short-receipt of the goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms , the export of manufactured goods should be completed within six months from the date of import. Re-Export or clearance for home consumption: 4.16 In case an importer opts to re-export such goods, he shall record the details of export documents such as shipping bill number, shipping bill date and the port of export. These details shall be specified against the bill of entry, invoice and item details of the goods imported. 4.17 In case the importer intends to clear the un-utilized or defective goods on payment of requisite duty and interest, the import duty payable would be equal to the difference between the duty leviable on such goods but for the exemption availed and that already paid, if any, at the time of importation, along with interest a rate as fixed by notification under section 28AA . The period for calculation of interest would start from the date of import of such goods and end with the date of actual payment. 4.18 An option is available to the importer to clear the capital goods imported, on payment of duty along with interest, at a depreciated value, after they have been put to use. 4.19 The particulars of such clearances and duty payments shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... porters shall have an option to submit procurement certificates for import of goods at the port of import for availing the exemption benefit till 13-03-2022. 6.4 Currently there is a requirement for EOUs to follow Rule 5 of Customs (IGCR) Rules, 2017 to be eligible for claiming exemption of duties/ taxes on the import of goods. The system architecture with respect to above rule in respect of EoUs is under development. The same shall be implemented in due course. Till such date, procurement certificates can continue to be submitted by the EOUs for import of goods in lieu of generating IIN in the system. 7. For ease of reference of the importers, the district wise list of jurisdictional customs officers, their contact details and their jurisdictions have been mapped and published on the CBIC website. The same can be accessed at https://www.cbic.gov.in/htdocs-cbec/home_links/enquiry-points-home. 8. The Board Circulars Nos. 25/2017- Cus (N.T.) dated 30.06.2017 , 29/2017 -Cus (N.T.) dated 17.07.2017 and 10/2021 Cus (N.T.) dated 17.05.2021 may be considered modified to that extent. The DG Systems is also requested to issue system advisory to the Trade and Officers on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... For bond with security AND WHEREAS the Commissioner has required the obligor to deposit security for the amount of this bond/ the sum of ...................... ... in cash (the securities as hereinafter mentioned of a total of ............................................ rupees endorsed in favour of the For President and accepted on his behalf by the Assistant Commissioner of Customs,..................................................................... and whereas the obligor has furnished securities amounting to Rs........................by depositing with the officer aforementioned. The obligor undertakes to deposit the balance security as and when he intends to avail the benefit of duty exemption on goods imported under the said notifications. NOW THE CONDITION of this written bond is such that - The Obligor undertakes to fulfill obligations as applicable from time to time in the event of import and export without payment of duty or on payment of concessional duty in terms of the notifications issued section 25 of the Customs Act, 1962 read with the Customs (Import of Goods at Concessional Rate) Rules, 2017 , the obligor shall fulfill the following obligations: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... day ______________ of ___________20 _______ herein before written by the obligor(s) and the surety(ies). Place: Date: (Signature of the Obligor) (Signature of the surety(ies)) Witnesses: 1. 2. Accepted for and on behalf of the President of India on ___________________day of ____________ 20 ______________. Signature and date Name _________________________________ Designation ____________________________ Annexure-II BOND ADDENDUM WITH PROVISION FOR ADDITION OF SECURITY KNOW ALL MEN BY THESE PRESENTS THAT the Proper Officer of Customs has been pleased to accept on behalf of the President of India the bond for the purposes of import or export goods in accordance with notifications under section 25 of the Customs Act, 1962 read with the Customs (Import of Goods at Concessional Rate) Rules, 2017, executed by us vide request dated...........and assigned the Bond Number .......... And WHEREAS I/We, the importer/exporter, [hereinafter called the obligor(s)], has/have deposited with the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, at ( location ), a security/bank guarantee of amount Rs............ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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