Monthly Archives: April 2019

Phasing out of physical copies of MEIS/SEIS

Customs has issued Circular No. 11/2019-Customs Dated 9th April, 2019

In order to enhance the ease of doing business for exporters, DGFT has decided to phase
out physical copies of MEIS and SEIS Duty Credit Scrips issued with EDI port as port of
registration. DGFT has issued Public Notice No. 84/2015-2020 dated 03.04.2019 and Trade Notice No. 03/2015-2020 dated 03.04.2019 notifying this change. This shall come into effect for MEIS/SEIS duty credit scrips issued by DGFT from 10.04.2019 onwards for cases where the port of registration is an EDI port. As you are aware, DGFT has also created a facility vide Trade Notice No. 42/2015-2020 dated 11.01.2019 regarding mandatory recording of information on DGFT website about transfer and current ownership details of MEIS/SEIS scrips issued from 14.01.2019 onwards.

=>>> full text of Circular No. 11/2019-Customs Dated 9th April, 2019

WCO welcomes the establishment of the Indian Customs Cooperation Fund

The WCO Secretary General, Dr. Kunio Mikuriya, and the Chairman of the Central Board of Indirect Taxes and Customs (CBIC) of India, Mr. Pranab Kumar Das, met on 8 April 2019 to mark the establishment of the Indian Customs Cooperation Fund (CCF India).

CCF India will provide financial support, in an amount of 50 million Indian rupees (approximately 643,000 euro), to developing and least-developed WCO Members, and particularly to small island economies in South Asia.  Based on Members’ identified needs and priorities, the Fund will cover capacity building activities focused on trade facilitation and the implementation of the WTO Trade Facilitation Agreement, compliance and enforcement, and Customs modernization.

During the meeting, Secretary General Mikuriya expressed his gratitude to India for this significant financial contribution and welcomed CBIC’s initiative to bolster WCO capacity building activities.

CBIC Chairman Das was pleased to see that the efforts made had led to the establishment of the CCF India, demonstrating India’s readiness to play a part in the development of Customs capacity in partnership with the WCO.

The WCO is grateful for the ongoing cooperation between the WCO and CBIC and looks forward to further supporting Members through the new CCF India.

source: World Customs Organisation – 08 April 2019 

Wanna be Authorised Economic Operator ?

Handled 25 documents (s/B & Bills of Entry) in last Financial Year. ?

Undertake Customs Related Work. ?

a part of international supply chain. ?

Have had business activity for three Financial Years ?

then you fulfill the AEO-Eligibility Criteria for an entity

shall let you know the more details / help in getting AEO certification

 

Discontinuation of physical copy of MEIS/SEIS

The Directorate General of Foreign Trade has issued Trade Notice No.03/2015-2020 on 3rd April, that there shall be Discontinuation of issue of physical copy of MEIS/SEIS scrips for EDI ports with effect from 10.04.2019 (for details please click Trade Notice No.03/2015-2020 on 3rd April)

In Association with Amazon.in
consequent to the introduction of a procedure thereby doing away with the physical copy of MEIS/SEIS scrips issued with EDI ports. a Public Notice no. 84/2015-2020 has also been issued on 3rd April 2019 regarding Withdrawal of TRA facility for MEIS/SEIS scrips issued with EDI ports.

In Association with Amazon.in
Effect of this Public Notice: TRA facility for scrips issued from all ports (except SEZ and non EDI ports) has been withdrawn for MEIS/SEIS scrips issued on or after 10.04.2019.