Major relief for exporters and importers by CBEC
14 January, 2015
Central Board of Excise and Customs has last month
given some major relief to Indian exporters and importers in terms of
procedures to be followed while making imports and exports. While Packing list
is not mandatory now, benefit of exemption from bank guarantee has been made
available to authorization holders who were penalized earlier. Benefit of ACP
status has also been further liberalized.
will henceforth not insist on filing of packing list by the importers or
exporters. As per CBEC Circular No. 1/2015-Cus., dated 12-1-2015 issued for the
purpose, in case an importer or exporter submits a commercial invoice cum
packing list containing information on description of goods, mark and numbers,
quantity, gross weight, net weight, number and types of packages, in addition
to the details in a commercial invoice, a separate packing list is not to be
insisted upon. The importer or exporter will however have the option to file
such commercial invoice cum packing list or to continue filing of packing list
and commercial invoice.
Importers who have been penalized in the previous
three financial years under the Customs Act, Central Excise Act, FEMA or the
FTDR Act are now eligible for exemption from providing bank guarantee in case
of imports under various export promotion schemes. CBEC Circular No. 15/2014-Cus., dated 18-12-2014 issued for the purpose has
added para 3.2(d) to basic Circular No. 58/2004-Cus. to provide for such
exemption subject to satisfaction of jurisdictional Commissioner of Customs
about absence of risk to revenue.
The Accredited Clients Programme (ACP) status of
importers which has been withdrawn or not extended on account of issuance of a
show cause notice to the importer in terms of para 7(iii) of the Circular No.
42/2005-Cus. may now be restored i) after 3 months if the entity pays the duty
demanded with interest and 25% penalty within 30 days of the show cause notice
or if the entity’s application is allowed to be proceeded with by the
Settlement Commission or (ii) after 6 months if the entity pays the duty demanded
with interest, subject to conditions. CBEC Circular No.18/2014-Cus., dated
22-12-2014 in this regard additionally clarifies that ACP status would not
ordinarily be denied if, Customs/Central Excise duty or Service Tax involved is
up to Rs. 50 lakh and Rs. 25 lakh, respectively.