IGST, GST, compensation Cess,bill of entry shipping bill and courier forms.
1. With effect from 1st July 2017 integrated goods and service tax IGST and GST compensation act would come into force.
2. IGST and GST compensation cess wherever applicable, would be levied on cargo arriving on 1st July, 2017 it would be effective from midnight of 31st June, 2017.
3. Cargo arrived up to 30th June, 2017 would not attract a IGST and GST compensation even though the clearance may happen after 1st July, 2011.
4. Additional duty of customs would continue to be levied for imports of petroleum and tobacco products.
5. New bill of entry, shipping bill and courier import and export forum both electronic and Manual are available on cpec website.
Employment News 8-14 2017
