CBIC Extends Manual Filing of IGCR-3 Statements till January 31, 2025
By: Admin
Date: November 22, 2024
Category: CBIC | Notification and Circular > Customs
Reading Time: 4 Minutes
The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for manual filing of IGCR-3 Statements to January 31, 2025. According to Circular No. 25/2024-Customs, issued on November 21, 2024, this decision addresses challenges importers face in filing monthly returns under the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 (IGCRS Rules, 2022).
Highlights of the Circular
1. Manual Filing Extension
Importers encountering difficulties with electronic filing can submit IGCR-3 monthly statements manually to jurisdictional officers until January 31, 2025.
Starting from February 2025, filing will strictly shift to the online portal.
2. Excel Utility Launch
The CBIC will release a dedicated Excel Utility for filing IGCR-3 monthly statements by December 15, 2024.
To ensure smooth compliance, importers should use this utility to electronically file both current and previous IGCR-3/IGCR-3A statements before the manual filing deadline.
3. Stakeholder Feedback
This decision reflects the concerns raised by stakeholders regarding the challenges in filing monthly returns on the IGCR portal. Their representations prompted CBIC to adopt this temporary measure.
4. Implementation Guidelines
CBIC plans to issue public notices and guidance documents to help importers comply with the updated filing requirements.
If stakeholders face additional challenges or have questions, they should promptly communicate them to the Board for clarification.
Key Takeaways
Relief for Importers
The extension provides much-needed relief to importers who are struggling with the transition to automated filing under the IGCRS Rules, 2022.
Operational Continuity
Manual filing ensures uninterrupted compliance during this interim period, preventing disruptions to operations.
Future Automation Readiness
The upcoming Excel utility will simplify electronic filing, making the process more efficient and supporting CBIC’s broader focus on automation.
Next Steps for Importers
- Prepare to transition to online filing by February 2025.
- Familiarize yourself with the Excel utility once it becomes available in December 2024.
- Review Circular No. 25/2024-Customs for detailed guidelines.
For any further information or assistance, contact your jurisdictional officer or refer to the official CBIC circular.
