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TMI BlogSimplified regulatory framework for e-commerce exports of jewellery through courier modeX X X X Extracts X X X X X X X X Extracts X X X X ..... Simplified regulatory framework for e-commerce exports of jewellery through courier mode X X X X Extracts X X X X X X X X Extracts X X X X ..... of jewellery through courier mode has been issued on 30.06.2022 by the Central Board of Indirect Taxes and Customs (CBIC) in the form of a Standard Operating Procedure (SOP). The SOP details the han ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dling, movement and procedural aspects for such exports, based on electronic declarations, through International Courier Terminals. The framework keeps in view the need for uniformity of action by Cu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stoms that brings certainty for the trade. It also addresses a unique requirement of the e-commerce Eco-system for re-import of rejects in certain cases to the prescribed extent. It may be recalled t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat the implementation of simplified framework was announced by Union Finance Minister Smt. Nirmala Sitharaman in this year's Budget speech. Following this, the CBIC held wide-ranging consultation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s with stakeholders, such as industry associations, members of the trade, e-commerce operators, authorised couriers and the customs field formations, before finalizing the SOP. A period of one month h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as been provided for transition. The first phase begins with exports through Bengaluru, Delhi and Mumbai locations. Click CBIC Circular No 09/2022-Customs dated 30.06.2022 to view the SOP and Notific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation. X X X X Extracts X X X X X X X X Extracts X X X X
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