Contact Your Financial Adviser Money Making MC
12
November 2018
paperless processing (The Total Investment & Insurance Solutions)
The revenue department has decided to extend
the facility of uploading digitally signed documents for all types of exports
under Indian Customs EDI System (ICES) with a view to improve ease of doing
business and promote paperless processing. The ICES is operational at 134 major
customs locations handling nearly 98 per cent of India's international trade in
terms of import and export consignments. The customs department had introduced
paperless processing under Single Window Interface for Facilitation of Trade on
pilot basis on e-SANCHIT in exports at air cargo complex, New Delhi and Chennai
Customs House.
"On successful implementation of the
pilot, it has been decided to extend this facility to all ICES locations on pan
India basis for all types of exports under ICES," the Central Board of
Indirect Taxes and Customs (CBIC) said in a circular. The Shipping Bill (Electronic
Integrated Declaration) Regulation, 2011, provides for authorised person to
submit digitally signed electronic integrated declarations and supporting
documents and dispenses with the need for trade to submit the corresponding
hardcopies. The circular further said that once a shipping bill has been filed,
Customs officers will be able to access the uploaded electronic versions of
supporting documents while viewing or assessing the bill on ICES.
CES is designed to exchange/transact customs
clearance related information electronically using Electronic Data Interchange
(EDI). A large number of documents that trade, transport and regulatory
agencies are required to submit/ receive in the process of live customs
clearance are now processed online. e-SANCHIT is a facility of the revenue
department for paperless processing and to facilitate the trading across
borders with "ease"The Total
Investment & Insurance Solutions
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