The Government of India introduced e-SANCHIT to allow paperless processing and uploading of supporting documents. Know more about e-Sanchit with online import export course and take a step ahead to start your import export business. Indirect tax documents are stored electronically in e-SANCHIT, which allows traders to upload all supporting documents digitally, enabling them to obtain clearances without contacting other regulatory agencies for permission. e-SANCHIT was launched on a pilot basis by the Central Board of Excise & Customs on October 20, 2017 via circular no.40/2017-(Customs). To reduce the physical contact between customs and trade, e-SANCHIT was introduced to allow importers and exporters to upload documents via the ICEGATE portal.
PGA (Participating Government Agencies) registered on ICEGATE can upload their LPCOs (Licences, Permits, Certifications, Other Authorizations) using e-SACHIT if they have a valid digital signature certificate. As soon as the PGAs upload the LPCOs, the system generates an IRN which is communicated electronically to the trader, using the email address provided by the trader on the ICEGATE portal.
Benefits of e-SANCHIT:
- Paperless Processing- By submitting the ‘Integrated Declaration’, traders can submit their supporting documentation to the PGAs via e-SANCHIT. This declaration collects all the information needed to secure clearance from six different government agencies.
- Increase the speed of clearance- In addition to reducing costs and increasing efficiency of import and export procedures, paperless processing eliminates the headache of physically visiting various government departments.
Steps for Uploading Documents on IceGate-
- Log in to ICEGATE website.
- Select e-Sanchit
- Upload Documents
- Select the document types for each
- Validate the document for digital signature
- Submit document to generate INR’s
Conclusion-
The e-SANCHIT system was launched as part of SWIFT to introduce paperless ordering. SWIFT is the Single Window Interface for Facilitating Trade. As a result, hard copies of various documents do not need to be submitted physically, and the entire process of consignment clearance is now faceless and paperless. Hope this export-import blog helps you understand about e-Sanchit. To know more you can join import export training classes provided by Digital Exim and give a kick start to your business. You can also join our live webinar just by clicking the link given below. https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do visit us to learn more about International trade.
