MM TAX CLUB_whatsapp

MM TAX CLUB

Accounting & Tax Consultancy Firm

Blogs

Reporting data

CBIC releases National Time Release Study (NTRS) 2023 report

Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report.

Time Release Study (TRS) as a performance measurement tool aims to present quantitative measure of the cargo release time, defined as the time taken from arrival of the cargo at the Customs station to its out of charge for domestic clearance in case of imports and arrival of the cargo at the Customs station to the eventual departure of the carrier in case of exports.

NTRS 2023 presents port-category wise average release time for the current year, based on the sample period of January 1-7, 2023 (both days included), comparing the same to the performance during the corresponding periods of 2021 and 2022 to, inter alia,

  1. assess the progress made towards the National Trade Facilitation Action Plan targets;
  2. identify the impact of various trade facilitative initiatives, notably “Path to Promptness”; and
  3. identify the challenges to more expeditious reduction in release time 

    The ports included in the study represent seaports, air cargo complexes (ACCs), inland container depot (ICDs) and integrated check posts (ICPs) which account for approximately 80 percent of bills of entry and 70 percent of shipping bills filed in the country.

    The average import release time has continued to improve, achieving 20 percent reduction in release time for ICDs; 11 percent reduction for ACCs; and 9 percent reduction for seaports in 2023 over 2022. In absolute terms, the import release time for seaports, ICDs, ACC and ICPs is 85:42 hrs, 71:46 hrs, 44:16 hrs and 31:47 hrs, respectively. The measure of standard deviation is found to be lower, indicating a greater certainty of expeditious release of imported cargo.

    Findings of NTRS 2023 reaffirms the 3-fold ‘Path to promptness’ comprising advance filing of import documents enabling pre-arrival processing, risk-based facilitation of cargo and benefits of trusted client programme - Authorised Economic Operators.  Cargoes wherein all the three features under the Path to Promptness are combined, achieve the NTFAP release time target across all port categories.

    Further, in line with the high priority accorded by Government of India on export promotion, NTRS 2023 has placed much greater focus on measurement of export release time. NTRS 2023 recognises the distinction between regulatory clearance (also referred as customs release), which gets completed with the grant of Let Export Order (LEO) and the wider aspect of physical clearance which occurs on completion of logistics processes with departure of the carrier with the goods.

jewellery for export

Simplified regulatory framework for e-commerce exports of Jewellery through Courier mode

Reference is invited to Circular No. 09/2022-Customs dated 30.06.2022 which provides a simplified regulatory framework for e-commerce export of jewellery through courier mode.

  1. Representations have been received in the Board requesting further simplification in the procedures in cases where an exporter does not opt to avail the facility of re-import of the exported jewellery.

 

  1. The request has been examined. It has been decided that such exporters who do not wish to re-import as permitted vide Notification No. 57/2022-Cus (N.T.) and make a declaration to this effect in the Courier Shipping Bill (CSB-V) at the time of export, will not be required to upload the following documents on the ECCS system as prescribed under Para 3(I)(v) of Circular No. 09/2022-Customs:
  1. Photos of the export item (not exceeding 2MB);

 

  1. Photos of the product package/outer covering (not exceeding 2 MB); and

 

  1. Image of the product listing on the e-commerce platform.

 

The aforesaid Circular No. 09/2022-Customs dated 30.06.2022 has been amended accordingly.

 

3.1 Further, notification no. 43/2023-Customs (N.T.) dated 15.06.2023 has been issued for amending Form HA (CSB-V) to incorporate the aforesaid declaration by the exporter. Such a declaration will also relieve the exporter from filling out certain additional fields concerning item-level specifications of the jewellery in the Form HA. Necessary modification is being

made in the Express Cargo Clearance System (ECCS) for incorporating these changes in Form HA.

4. Difficulties, if any, in the implementation of this Circular may be brought to the notice of the Board.

Source

 

GST fraud
logging in to e-way Bill/ e-Invoice system

2- Factor Authentication for logging in to e-Way Bill/e-Invoice system.

To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2- Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login.

There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. The various modes of generating OTP are explained below:

  1. SMS: OTP will be sent to your registered mobile number as SMS.
  2. On ‘Sandes’ app: Sandes is a messaging app provided by government so that you can send and receive messages. You may download and install the Sandes app on your registered mobile number and receive the OTP in it.
  3. Using ‘NIC-GST-Shield’ app: ‘NIC-GST-Shield’ is a mobile app provided by e-Way Bill /e-Invoice System, so that OTP can be generated by using the app. This app can be downloaded only from the e-Waybill / e-Invoice portal from the link ‘Main Menuà2-Factor Authentication. Install NIC-GST-Shield’. Download, install and register this app on your registered mobile number. You should ensure the time displayed in the app should be in sync with e- Waybill/ e-Invoice  system. On opening the app, OTP is displayed. You may enter this OTP and continue the authentication. The OTP gets refreshed after every 30 seconds. You will not require internet or any dependency on mobile network for generating the OTP on this app.
    Registration for 2-Factor Authentication:

    On logging to e-Waybill System go to Main Menuà 2 Factor Authentication and confirm the registration. Once confirmed, the system will ask OTP along- with username and password. The OTP authentication is based on individual user accounts. The sub users of GSTIN will have separate authentication depending on their registered mobile number in the e-Way Bill/ e- Invoice System. Once you have registered for 2 Factor authentication, then the same is applicable for both e-Way bill and e-Invoice system.

    Source

Digitally Signed Advance Ruling Applications