Faceless Assessment – Clarifications on the issues raised by Stakeholders
December 22, 2020
Members of the Council,
Sub : Faceless Assessment – Clarifications on the issues raised by Stakeholders
The Central Board of Indirect Taxes & Customs has issued a circular No.55/2020 dated 17.12.2020 regarding Faceless Assessment clarifications on the issues raised by Stakeholders. Highlights of the circular are as follows.
· The said circular contain details of procedures to be followed on re-assessments of bill of entry
· With effect from 15.1.2021 the supporting documents to justify claim of duty exemption notification has to be mandatorily required to be uploaded in e-Sanchit while filing Bill of Entry.
· All Bills of Entry with an assessable value of up to Rupee 5 lakh shall be accordingly finally assessed only by the Appraising Officers w.e.f 21.12.2020. However, the re-assessments of Bills of Entry would continue to be done with the approval of the Assistant/Deputy Commissioner, as is the present practice.
Members may kindly note the above.
Thanks & regards,
COUNCIL FOR LEATHER EXPORTS