The Central Board of Indirect Taxes and Customs (CBIC) on September 20, 2023 issued a notifcaion regarding the Implementation of the Ex-Bond Shipping Bill in ICES 1.5
The following has been stated namely: -
• It states that a format for ex-bond SB has been developed on ICES for processing of export of warehoused goods from a bonded warehouse.
• It states that this type of shipping bill can only be used for export of warehoused goods, It is also not meant for the export of goods resulting from manufacturing or other operations under section 65 in a bonded warehouse, it further states that if the goods imported in a warehouse where permission has been granted under section 65, are exported as such then the abovementioned ex-bond SB can be filed
• It states that No incentive such as Drawback, RoDTEP/RoSCTL benefit, advance authorisation/EPCG etc. shall be available for such cargo and the SB would be a free SB
• It further states that in case of any issues may email to [email protected]. to [email protected]
• The detailed work flow and format has been attached
[Circular No. 22/2023]
