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Dated: 03.04.23

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.

1. Advisory & Litigations support related to Customs & GST (Indirect tax)-across India
2. Court Litigations- Revenue matters (Customs/GST)- across India
3. Legal representation in Indirect tax (Customs/GST) appeals/court litigations- across India
4. Advisory and support on Import compliances and smooth import operations- across India
5. Advisory and support on smooth export operations- across India
6. 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
7. IGST refunds from Customs & GST-across India
8. Tax Audits & Direct Tax matters- across India
9. Company Secretarial Services- across India
10. Advisory & services related to Gati Shakti Cargo terminal approvals and legal modalities
11. DGFT applications/approvals/Committee cases- Advance Authorization, EPCG, Norms Fixation, PRC etc
12. IEM Services/approvals- DPIIT, Min of Commerce & Industries

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

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services. We offer Legal advice and litigation support in matters related to Indirect Tax-Customs, FTP, other Indirect Tax matters & Arbitration law, all sorts of Central licensing and related matters. Come and explore the new way of doing business with us!

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@ Team S J EXIM SERVICES, New Delhi, IN

CP: Ms. Shubhra Jha/+91-9999005693

Web: www.sjexim.services

EMAIL: operations@sjexim.services | shubhra@sjexim.services

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Disclaimer:

1. The views are of the Author based on his/her interpretation of the relevant information/documents, applicable law, and government policy and there is no assurance that a court or tribunal or regulatory body or other governmental authority may not interpret it differently.
2. We are not responsible for updating or revising this article on account of any change in law or interpretation thereof or a change in events or circumstances informed or occurring after the date of this article unless specifically requested for it.
3. Our advice should not be taken or used out of context or reproduced for any other purpose or transaction. Views expressed in this 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 to this update and acts or refrains from any act accordingly. We would suggest that detailed legal advice must be sought before relying on this update.

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