00:00So let us understand this new system of IGCR transition on ICGate 2.0 portal step by step.
00:05See, some large export-oriented units process more than 50,000 item lines every month.
00:11Now the biggest question is how will such huge data be uploaded without any tedious manual entry.
00:18The simple answer to this is the new Excel upload feature of ICGate 2.0, eliminating the tension of manual data entry.
00:25Before proceeding further, clear the basics.
00:27IGCR means import of goods at concessional rate and IIN means IGCR identification number for each unit.
00:35It is made so that duty-free imports can be tracked.
00:39Now let's see how this entire compliance workflow works in just these three very simple steps.
00:44The point to be noted here is that the structural difference between Form 3 and Form 3A is quite clear.
00:50Form 3A is actually a secret weapon, it triggers automatic bond recredit based on consumption.
00:56Form 3 is absolutely mandatory, it has to be filled every quarter even if the data is nil.
01:03While uploading Excel, this annoying red error box often appears on the screen.
01:07This is easy to fix, just remove the empty rows, don't change the header at all and use 0.
01:14An important warning, simplified users will have to deregister first and then apply afresh with DSC.
01:21Finally a great news, now there is no need for new imports or bonds again and again in every new financial year.
01:28So with these amazing features, is the supply chain world ready to conquer Icegate 2.0?
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