CBIC Concept Paper on Custom Faceless e-Assessment. Suggestions invited. faceless assessment is part of the string of reforms titled ‘Turant’ Customs.
CBIC is planning to launch Faceless e-Assessment for imported goods and has solicited suggestions, views, comments on Faceless e-Assessment.
Accordingly, it has also issued a detailed Concept Paper on Faceless e-Assessment.
The introduction of faceless assessment is part of the string of reforms titled ‘Turant’ Customs. CBIC had initiated a pilot project on Faceless Assessment at different Customs Stations. After the successful run of the pilot, CBIC has now decided to implement the Faceless Assessment across the country.
Apart from Faceless assessment, the other aspects of Turant Customs are Paperless Customs through intelligent e-Sanchit, Machine Release i.e. end-to-end automated clearance without any interface of officer at any stage, Advance Cargo Information through revised Sea Cargo Manifest and Transhipment Regulations, Improving visibility and traceability of Regulatory controls and logistics supply chain, further enhancing automation and technology in Customs clearance processes.
In future, it is proposed to restructure the existing Commissionerates into two distinct categories:
a. National Assessment Commissionerates (NACs)
b. Jurisdictional Port Commissionerates (JPCs)
All NACs are essentially “Virtual Commissionerates” wherein officers drawn from different Customs locations, who are not physically co-located, but are virtually connected. Each NAC would have an all India jurisdiction and it would comprise of a cluster of “Faceless Assessment Groups” (FAGs) headed by AC/DCs drawn at all India level either from different Virtual Commissionerates or different JPCs.
All members of the trade/ stakeholders have been requested to furnish their views/comments/suggestions on the Concept Paper latest by 3rd March 2020 on dircus@nic.in or uscus4.dor@gov.in so as to facilitate finalization of the matter.
Credit in assessee’s capital account consequent to book entry adjustments in the books of the partnership firm can not be…
Non-compliance of summons issued u/s 131 by investing companies is no ground to make addition under section 68 of the…
Assessee not obliged to demonstrate actual utilization of donation u/s 35(1)(ii) for scientific research made to an eligible institution In…
Phrase "genuineness of activities" has been interpreted liberally by various judicial forums including the ITAT and High Courts - ITAT…
If assessing officer rejects a reply, he had to offer an opportunity of personal hearing to the assessee– Allahabad High…
Business decisions such as withdrawal and redeposit of cash fall within the domain of commercial expediency and AO cannot substitute…