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GST roll out and preparation thereof

Circular No.ES/94/2017-18                                                                         June 30, 2017

To: Members of the Council

Sub: GST roll out and preparation thereof

Dear Member,

Sahar Air Cargo Customs has issued issued Facility No. 8/ 2017 dated 28.06.2017 on the above subject.

With the GST set to be rolled out on 01St July 2017, in this regard following changes are anticipated in Bill of Entry/Shipping Bill in alignment with proposed GST implementation. The refund on export of goods is contingent upon filing of (a) shipping bill accompanied by the GST invoice and (b) export general manifest.

Changes in Customs law and procedure are accompanied by the changes in the EDI system so as to effectively implement the IGST law from 01.07.2017. The changes are broadly in the following areas:

Levy of duties– IGST and Compensation Cess (wherever applicable) to be levied on imports.

Change in Bill of Entry and Shipping Bill forms- To capture additional details required for validation with GSTN in case of IGST refund claims (export) or availability of IGST credit (imports)

Procedure in respect of manual filing of Bills of Entry and Shipping Bills-To electronically capture basic data required for validation with GSTN on imports and exports.

In view of the above, is an Advisory with details on the above changes for the members of Trade can also be downloaded from the CBEC website cbec.gov.in.

Members may kindly make note of the same and do the needful.

 Thanking you,

V. ANIL KUMAR
EXECUTIVE DIRECTOR

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