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EXIM                                                                                               21

           INDIA    newsletter  Mumbai & Western India, Monday, March 10, 2025
                              OFFICE OF THE COMMISSIONER OF CUSTOMS, NS-III
                             JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA
            Automation of Refund Application and Processing in Customs
          KIND attention of all the Importers/Exporters/CHAs and all concerned is invited towards the Circular No. 05/2025-Cus-
        toms dated 17.02.2025 issued by CBIC regarding automation of refund application and processing in Customs.
          For electronic disbursal of refunds, an online processing and disbursal of Customs duty refund application has been
        developed and is enabled on the Customs Automated System.
          In this regard, for ease of reference Circular No. 05/2025-Customs dated 17.02.2025 issued by CBIC is attached
        herewith wherein key aspects relating to the electronic processing of refund have been elaborated.
          As a transitional measure, applicant may file refund either manually or online till 31.03.2025. However, no manual re-
        fund application shall be accepted after 31.03.2025, unless the same is allowed by the Pr. Commissioner/Commissioner
        of Customs, for the reasons to be recorded in writing.
          All the Importers/Exporters/CHAs and other concerned are hereby requested to apprise themselves of the key as-
        pects as indicated in the Circular No. 05/2025-Customs dated 17.02.2025.
          All the Importers/Exporters/CHAs and other concerned are hereby also requested to file all their future refund claims through online
        (ICEGATE Portal) mode only as no manual refund application shall be accepted after 31.03.2025 without any valid or plausible reason.
          Any difficulty noticed in the implementation of this Public Notice may be brought to the notice of this office.
                                                                                            Sd/-
                                                                                    Sanjeev Kumar Singh
                                                                                  Commissioner of Customs
                                                                                     CRC-I, JNCH, NS-III

       Understanding “Compliant” Electronic Bills of Lading
         Exim News Service       and arbitration provision.   the words of the incorpora-  steadily and recent legal re-
             LONDON, March 9     This  is  needed  to  establish   tion clause. This could be   forms are helping to accel-
         ON February 20, 2025,   clearly the law and jurisdic-  done by adding to the gen-  erate the process. The IG’s
       the International Group   tion governing the bill of lad-  eral words of incorporation to   approval of e-Bill systems
       of P&I Clubs (IG) intro-  ing. The charter party from   state the law that governs the   provides valuable certainty
       duced a new streamlined   which governing terms are   bill of lading (from a jurisdic-  to shipowners that their P&I
       process for approving e-  incorporated is usually iden-  tion that recognises e-Bills),   cover will not be prejudiced
       Bill platforms. The new   tified by its date.       which may be the same as or   when using an approved
       process requires solution   For example, Clause 1 of   different from the law gov-  system. The welcome new
       providers to demonstrate   BIMCO’s  CONGENBILL’s    erning the charter party.  streamlined process supports
       that their system is reli-  conditions of carriage in-  The use of e-Bills is growing    these recent developments.
       able, and that only “compli-  cludes all the “terms and
       ant”  e-Bills  are  used.  It  is   conditions, liberties and ex-  DGFT notifies removal of ban
       the result of recent legisla-  ceptions” of the charter par-  on broken rice exports
       tive  developments  reflect-  ty dated on the face of the           Exim News Service
       ing  the  increasing  number   bill of  lading, including the                     NEW DELHI, March 9
       of countries that have ad-  law  and  arbitration  clause.   THE Directorate General of Foreign Trade (DGFT) has notified
       opted laws recognising elec-  However,  owners  and  char-  the removal of the ban on broken rice exports by putting the item
       tronic bills of lading, says a   terers might have agreed   in the free category. The move could enable African countries to
       BIMCO report.             in the charter party on law   secure grain at lower prices and support Asian animal feed and
         It elaborates:
                                 and arbitration from a juris-  ethanol producers. In FY24, India shipped rice worth $10.41 bil-
         “Compliant” e-Bills must
                                 diction where eBills are not   lion, a decline of 6.5% on the year, as shipments were hampered
       be governed by laws that rec-  legally recognised as equiva-  because of  restrictions that  were imposed to  improve domestic
       ognise them as equivalent to   lent to paper bills of lading.  supplies. Exporters say that rice exports in the entire FY25 may
       paper bills of lading – such   To avoid the risk of an e-  see an increase of 15% because of robust global demand, to cross
       as English law following the
                                 Bill on a “deemed approved”   a record $12 billion. Rice exports during the April-January period
       Electronic Trade Documents
                                 system not being considered   of FY25 saw a sharp increase of over 22% to over $10 billion com-
       Act (ETDA) 2023. To make   compliant by the IG, you   pared to $8.26 billion in the same period last fiscal following the
       e-Bills compliant, incorpora-  could  think  about  amending   lifting of restrictions on exports last year, as per a report.
       tion clauses in bills of lading
       should expressly state the      All-encompassing trade deal with India
       governing  law,  which  must        needed, says US Commerce Secy
       recognise e-Bills, even if it
       differs from the law govern-                          Exim News Service
       ing the charter party.                                                         WASHINGTON, March 9
         Many bills of lading used   THE US has asked India to bring down import tariffs under an all-encompassing trade deal
       in the bulk shipping sector   that won’t leave even the latter’s sensitive agriculture markets out, according to US Commerce
       use an “incorporation clause”   Secretary Howard Lutnick. The official made it clear that the US is not interested in negotiat-
       to  incorporate  governing  ing tariffs with India on a product-by-product basis and instead wanted a macro and grand pact
       terms from the charter party.   that covers all areas. The pact is crucial for India given that the US is its single largest trading
       To  avoid  uncertainty,  they   partner with annual two-way trade in goods and services worth $190 billion. New Delhi enjoys a
       should always include word-  trade surplus with the world’s largest economy in both goods and services.  A host of Indian in-
       ing that expressly incorpo-  dustries have already recommended tariff concessions to the US, even zero-for-zero tariff, as they
       rates the charter party’s law   fear reduced market access to the country when reciprocal tariffs are imposed, as per a report.
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