Manufacturer- importers of electronic goods with investment of Rs 3 crores covered by Fast Track Clearance Scheme for imports

Fast Track Clearance eligibility expanded: manufacturer-importers of electronic goods with required investment now admitted to streamlined import procedure.

The Central Board of Excise & Customs amended clause A(vii) of the earlier circular to provide that a manufacturer importer of electronic goods with an investment of Rs. 3 crores and above is eligible to use the Fast Track Clearance procedure, enabling such manufacturer importers to avail themselves of the captioned fast track import clearance process under the existing circular framework.