Phased Implementation of Electronic Cash Ledger (ECL) in Customs

The Electronic Cash Ledger (ECL) functionality is envisaged in Section 51A of the Customs Act, 1962. It provides enabling provision whereby the importer, exporter or any person liable to pay duty, fees etc., under the Customs Act, has to make a non-interest-bearing deposit with the Government for the purpose of payment. The Customs (Electronic Cash Ledger) Regulations, 2022 (ECLR) notified vide No. 20/2022-Customs (N.T) dt. 30.03.2022 govern the manner of operationalization of ECL and related aspects. The statutory provision came into force on 01.06.2022.

Circular No.09 /2023-Customs dtd 30/03/2023 is in reference to the phase wise implementation of ECL in Customs.

We, at SJ EXIM Services, New Delhi, India, are currently offering the below mentioned services to Importers and Exporters across India.

Advisory & Litigations support related to Customs & GST (Indirect tax)-across India
Court Litigations- Revenue matters (Customs/GST)- across India
Legal representation in Indirect tax (Customs/GST) appeals/court litigations- across India
Advisory and support on Import compliances and smooth import operations- across India
Advisory and support on smooth export operations- across India
Obtaining all necessary import approvals- IEC, GSTIN, MSME Udyam, Special Import permits, CDSCO Import approvals for Cosmetics and Medical Devices, BIS registration, LMPC Registration, EPR registration- across India
IGST refunds from Customs & GST-across India
Tax Audits & Direct Tax matters- across India
Company Secretarial Services- across India
Advisory & services related to Gati Shakti Cargo terminal approvals and legal modalities
DGFT applications/approvals/Committee cases- Advance Authorization, EPCG, Norms Fixation, PRC etc
IEM Services/approvals- DPIIT, Min of Commerce & Industries

In case you still face any issues related to EXIM Policies, Customs procedures, Indirect Tax related compliance procedures and Indirect Tax and Litigation matters, Arbitration and Conciliation matters in International commercial matters then please feel free to get in touch with us at the below given email IDs.

Come and explore the new way of doing business with us!

We are registered with Indian railways to book and place wagon/rakes/min rakes for all your bulk dry cargo movements across India.

Download the Circular Below:

Implementation of Electronic Cash Ledger (ECL) in Customs

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Disclaimer:

The views expressed in the update are strictly personal, based on our understanding of the underlying law. We are not responsible for any injury, loss or cost arising to any person who refers this update and acts or refrains from any act accordingly. We would suggest that a detailed legal advice must be sought before relying on this update.

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