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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 ..... e 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 the deposits classes were exempted till 31.03.2023, vide notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 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 introduction of second phase, subsequently the following functionalities shall be developed in ECL2. Registrati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osited 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 facility shall be operational from 3rd April, 2023. Refund of balance in ECL: 10.1 The balance of deposits after utilising for payments may be utilised f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons (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 of self-assessed amount from the ECL when liability becomes due (b) payments made on own ascertainment for various purposes such as pre-deposits for filing appeals etc. (c) other sums due for payment by shipping li ..... X X X X Extracts X X X X X X X X Extracts X X X X
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