Central Board of Indirect Taxes and Customs (CBIC), issued a Circular No. 09/2023 – Customs, dated 30 March 2023 to clarify on phased implementation of Electronic Cash Ledger (ECL) with effect from 01 April 2023. Salient features of the ECL and clarifications made thereto, are reproduced as under:
- Notified under Section 51A of the Customs Act, 1962 which was further regulated vide the Customs (Electronic Cash Ledger) Regulations, 2022 (Notification No. 20/2022-Customs (N.T.)).
- Statutory provisions made effective from 01 June 2022 however, for non-availability of IT platform, applicability exempted till 31 March 2023.
Deposits and payment of liability using ECL: A deposit challan to be generated on portal, and deposit to be made in ECL using the authorised payment (internet banking / NEFT / RTGS) from specified banks; Amount deposited shall be visible on the ECL. Payment from ECL can be done using Payment Challan generated at ICES / ECCS or other applications; Functionality to make payment without first depositing in ECL, using Internet Banking / NEFT / RTGS function is also made available;