4 October 2019

Regulatory Changes in India SCMT Regulations 2019

Regulatory Changes in India SCMT Regulations 2019
The Central Board of Indirect Taxes and Customs in India has advised that it is now compulsory for all shipping lines, importers and exporters to adhere to the defined timelines for manifest filing of all the cargo on a vessel to and from an Indian port . The rule is applicable for all cargo transshipping, discharging and moving via any Indian port. Imports to India: Shipping lines are required to submit Import manifest details to Indian Customs prior vessel departure from Last port of call before calling India, for all containers which are going to be discharged at any port in India or are discharged for Transshipment at any of the ports in India. In order to meet the above requirement, Bill of Lading need to be ready 72 hrs prior vessel sailing from Last Port of call. Exports from India: Shipping Lines are required to submit Export manifest details to Indian Customs prior Sailing of Vessel from India port of loading, for all containers which are loaded on a said vessel from India. In order to meet this requirement, Shipping Instructions/Shipping Bill would need to be available 48 hrs prior arrival of the vessel at the Indian Port of loading. Invoice Value: Import into India/Export out of India - invoice value is required. In case the shipper is not willing to declare the invoice value then one has no option but to update the value as ZERO (0). FROB Cargo – Domestic transit (getting cleared at the next port in India) is mandatory. This is applicable for both exports and imports. FROB Cargo – Only in case of Foreign transit - declaration of the invoice value is optional. Cargo – not custom cleared in India and in transit to another country - invoice value is optional. Clarity is still sought from Customs on certain requirements and confirmation of the same is still awaited. Source: https://www.one-line.com/en/news/regulatory-changes-india-sea-cargo-manifest-and-transshipment-regulations-effective-1st-august https://www.icegate.gov.in/Download/Technical_Guidance_Note_0.62.pdf

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