Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on July 31, 2020, publishes the Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020, to further amend Transhipment of Cargo to Nepal under Electronic Cargo Tracking System Regulations, 2019. 

Following amendments have been made in the Transhipment of Cargo to Nepal under Electronic Cargo Tracking System Regulations, 2019: 

• A new regulation 3A has been inserted which specifies the procedure for registration 

1. The authorised carrier shall apply for registration in the Form-II.

2. Where Authorised Officer is satisfied with the information provided, shall approve the registration of such applicant for transacting business for a period of three years from the date of issue of such registration.

3. The Authorised Officer may extend such registration to a further period of five years at a time and in case of an authorised economic operator for a period of ten years before the expiry of the initial period of registration. 

4. An authorised carrier registered under regulation 3 of the Sea Cargo Manifest and Transhipment Regulations, 2018, shall be deemed to be registered under these regulations.”

• Regulation 4(a), which specifies the submission of the Form for the cargo shipment has been substituted, which states, “declare the cargo destined to Nepal and the port of final discharge in Nepal in the arrival manifest, if he is required to do so as per the Sea Cargo Manifest and Transhipment Regulations, 2018”. 

• The Form shall be numbered as “Form-I”, and “Form-II” has been inserted: Application for Registration as per rule 3A.

[Notification No. 64/2020- Customs (N.T.)]

Get all CBIC Updates in one place, Subscribe us to never miss an update from CBIC, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.

Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo.

Published by Justipedia

Experienced Legal Associate with a demonstrated history of working in the information technology and services industry. Skilled in Legal Compliance, Taxation Laws, Oil & Gas, Regulatory Affairs, and Regulatory Compliance. Strong information technology professional with a Bachelor of Laws - LLB focused in Energy Laws from University of Petroleum and Energy Studies.

Leave a comment

Design a site like this with WordPress.com
Get started