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Taxation Central Ministry of Finance Customs Act, 1962

CBIC introduces phase wise Implementation of Electronic Cash Ledger (ECL)

30-Mar-2023 | 09-2023-Customs

CBIC has provided the manner of phase wise implementation of Electronic Cash Ledger (ECL) as envisaged under section 51A of the Customs Act, 1962, effective from 1st of April, 2023.

In the first phase from 01.04.2023 till 30.04.2023, all the importers and exporters or any person who is requires to pay duty or fees shall require to deposit an amount of duty in ECL except those who were restricted vide notification No.18/2023-Customs (NT) dated 30.03.2023 in this behalf.

In second phase, from 01.05.2023, the all the importers or exporters are obliged to deposits payment of duty in his ECL Account with respect to goods imported or exported at International Courier Terminals.
Rest would continue same,
The phased introduction of ECL is aimed at leveraging technology and reforming the payment process
After second phase, from 01.05.2023, the following functionalities shall be developed in ECL
i. Registration for availing ECL
ii. Deposit to ECL
iii. Payment of liabilities using ECL
iv. Modes enabled for deposit into ECL
v. Refund of balance in ECL
vi. Sensitization
for more detail, refer the document.

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