News
India's Central Board of Excise and Customs (CBEC) is implementing electronic way bill system under the GST (goods and services tax) provision which requires registered persons who move goods of consignment value of over 50,000 rupees before commencement of movement to furnish information relating to the said goods electronically on the common portal. When an e-way bill is generated, a unique e-way bill number (EBN) will be allocated to the supplier, the recipient and the transporter on the common portal.
An e-way bill is valid for 1-20 days based on the distance to be travelled by the goods; one day for 100 km, 3 days (100 to less than 300 km), 5 days (300-less than 500 km) and 10 days (500-less than 1,000 km).
The e-way bill regime will be likely to start in October 2017.
