MoF allowed export-related benefits on Courier Shipments

Sep 16, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Ministry of Finance, (MoF) on September 13, 2024, allowed export-related benefits on Courier Shipments.

In a significant fillip to courier exports and with an aim to encourage e-commerce industry in India, the Central Board of Indirect taxes and Customs (CBIC) has extended export-related benefits under Duty Drawback, RoDTEP and RoSCTL schemes for exports made through Courier mode with effect from September 12, 2024.

The Courier import and export shipments are handled on the ECCS for clearance at the notified lCTs. ECCS has certain limitations in processing Drawback, RoDTEP, and RoSCTL claims of exporters. Hence, as a major step towards trade facilitation, it has been decided to use the Indian Customs EDI System (ICES) at the ICTs to process the aforesaid claims, as ICES has the requisite facilities, such as scroll generation and integration with PFMS. Thus, while the logistics of Courier terminal will be used for physical handling and examination purposes, the customs clearance will be handled on ICES.

[Release ID: 2054782]


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