Generally, conversion or amendment of shipping bill post export from one scheme to another scheme is a tedious and painful task for exporters. The department seeks bunch of information and then exercise its own discretion mostly, against the exporters.
Recently CBIC vide Notification no. 11/2022 dated 22nd February, 2022 has notified Shipping Bill (Post Export conversion in relation to Instrument Based Scheme) Regulations 2022 governing shipping bills pertaining to various incentives/concession scheme like Advance License, EPCG, RoDTEP etc.
In this article, the authors analysed these regulations which provide for amendments or conversion of shipping bills w.r.t to Advance Authorisation, RoDTEP, EPCG etc. bestowing fiscal or financial benefit to the applicant and way forward.
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Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
Author Taxmann Posted on March 2, 2022 March 5, 2022 Categories Blog, News, GST & Customs
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