CBIC to launch additional disclosures from June 1 to fast-track clearances
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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 aiding policy formulation through a mechanism of more complete import declarations, it has been decided to make certain additional identifiers mandatory for imports and exports under some specific chapters of the Customs Tariff, with effect from June 1,” the Central Board of Indirect Taxes and Customs (CBIC) said.
“For the purpose of effective avoidance of queries, enhancing efficiency in assessment and facilitation, addressing reasons for delays and aiding policy formulation through a mechanism of more complete import declarations, it has been decided to make certain additional identifiers mandatory for imports and exports under some specific chapters of the Customs Tariff, with effect from June 1,” the Central Board of Indirect Taxes and Customs (CBIC) said.
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