Measures taken for improving ease of doing business

Ease of Doing Business measures streamline customs and indirect tax procedures, enhancing trade facilitation and electronic compliance.

Measures comprise tariff revisions, targeted exemptions and anti dumping/safeguard duties to correct duty inversion and support domestic manufacturing, coupled with procedural trade facilitation: 24x7 customs clearance, a Single Window electronic message exchange for regulatory agencies, mandatory Digital Signature filings, reduced mandatory documentation, Customs Clearance Facilitation Committees, and an upgraded CBEC website. Central Excise and Service Tax reforms include expedited registration, electronic records and invoicing, extended CENVAT credit timelines, e refunds, instalment payments of arrears, simplification of reverse charge taxation and expansion of Advance Ruling eligibility.