Union Budget 2019-2020 Update On Import

By | February 1, 2019

Hello, Welcome to “IndiaCustoms.info”. Here you will get the Interim Budget 2019-2020 Update On Import.

In this budget there is no changes happen in Import.

Here you will get complete changes in Import after budget 2019-2020.

It’s very helpful for Importer and CHA.

Union Budget 2019-2020 Customs EDI System UpdateUnion Budget 2019-20

As you know union Budget is expected to be presented in parliament on 01st February 2019 (Today).

As usual customs system will be shut down for some days for updation.

We would like to give heads up information for advance planning.

This will be useful to avoid delays/disruption in the supply chain and unnecessary charges.

Estimated time for Customs EDI updated with new tariff as per Budget announcement is given below for ready reference.

Event Schedule / Remarks
Budget presentation in parliament. 01st February 2019.
Customs system shut down for fresh filling. 01st February 2019 16:00 Hours.
Customs entries already filled & cargo arrived within 01st February 2019. Customs entry processing as usual.
Customs entries already filled but cargo not landed by 01st February 2019. Customs entry shall go into re-assessment on customs EDI updation is complete post-budget.
New Budget tariff effective date. 02nd February 2019.
Customs EDI system updation. Expected to be completed by 03rd February (Tentative date).
Customs EDI system will re-start after updation. 04th or 05th February (Tentative dates).

 

 

 

 

 

 

 

 

Important Note:-

  • During this shutdown of 3-4 days, a backlog would be created in customs clearance, which will take another 3-4 day to get regularized.
  • During the stipulated period the customs EDI system will not function & permission for filling of a manual bill of entry will not be allowed by the customs as a matter of policy.
  • Hence, request you to consider above-mentioned points while planning your shipments to avoid any delays/demurrage/detentions.
  • Advance filing of the bill of entry for shipment arriving after the 01st of February recommended being on hold.

 

There are no changes in this budget for Import. 

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