CBIC launches paperless customs export processing
PrintListen to this Article
Under this initiative, a secure QR core enabled PDF LEO (Let Export Order) copy and Export Gatepass copy will be sent electronically to the exporters immediately.
As part of efforts to take India amongst top 50 countries in World Bank's Ease of Doing Business ranking, the CBIC had last year announced reform measure -- Turant Customs -- for speedy clearance of goods at air and sea ports.
The comprehensive package is being implemented in a phased manner.
Towards that, the Customs department plans to roll out pan-India faceless assessment by December 31 in a phased manner, and has started the same at Chennai and Bengaluru ports from June 8.
Faceless assessment (commonly known as anonymised or virtual assessment) enables an assessing officer, who is physically located in a particular jurisdiction, to assess a Bill of Entry pertaining to imports made at a different customs station, whenever such a Bill of Entry has been assigned to him in the customs automated system. #casansaar (Source - Business Standard)
Category : Custom | Comments : 0 | Hits : 483
The Customs Department is proposing to introduce additional disclosures for the export and import of medicinal products from June 1 to fast-track clearances of shipments. These additional disclosures, once introduced, will reduce queries of Customs officials, which are frequently posed to EXIM traders dealing in medicinal plants and chemicals. “For the purpose of effective avoidance of queries, enhancing efficiency in assessment and facilitation, addressing reasons for delays and ...
The Finance Ministry has said that gadget manufacturer Xiaomi Technology India Private Limited has evaded customs duty of 653 crore rupees. Xiaomi India sales products under the MI brand. An investigation was initiated by the Directorate of Revenue Intelligence against Xiaomi India and its contract manufacturers. During the investigation, searches were conducted at the premises of Xiaomi India, which led to the recovery of incriminating documents indicating that Xiaomi India was remitting roy...
The Central Board of Indirect Taxes and Customs (CBIC) has done away with the requirement of periodic renewals of licence or registration issued to customs brokers and authorised carriers, a move which would reduce compliance burden for trade. The CBIC has amended the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, to state that all such existing licenses/registration would have a lifetime validity. "The CBIC has with effect from ...
The CBIC has streamlined certain processes in Customs faceless assessment under which a customs officer would have to communicate his 'first decision' on the import document filed by an importer within three working hours. In a circular to all principal chief commissioners of customs, the Central Board of Indirect Taxes and Customs (CBIC) said it has reviewed the implementation of Faceless Assessment and deliberated on the further measures required for expediting the pace of assessmen...
The Central Board of Indirect Taxes and Customs (CBIC) on Sunday said it has suspended licences of 56 customs brokers linked with fraudulent exporters. The Directorate General of Analytics and Risk Management (DGARM) had carried out data analytics of customs brokers linked with fraudulent/unscrupulous exporters and the findings have resulted in suspension of licences of 56 customs brokers. “Licences of 56 customs brokers including those of 37 from Delhi have been suspended since August ...
Comments