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of <h1>Simplified Export Procedure Expanded for Readymade Garment Exporters; Board Relaxes Formalities, Limits Penalties for Home Clearance.</h1> The circular outlines a decision by the Board to extend the Simplified Export Procedure to readymade garment units that primarily export their production. This extension is due to the exclusion of readymade garments from certain duty exemptions, requiring them to pay duty on rejects and waste. The procedure allows these units to clear goods on invoices and maintain simple records, provided their home consumption of waste and rejects does not exceed 5% of their export turnover. Additionally, the Board has decided not to initiate penal actions for home clearances pending registration and to relax certain formalities temporarily.
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