TaxTMI 
TaxTMI 
Central Board of Indirect Taxes and Customs starts capturing district-wise data or origin of export goods
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....entral Board of Indirect Taxes and Customs starts capturing district-wise data or origin of export goods <br>GST<br>Dated:- 17-2-2020<br><BR>Keeping with the Hon'ble PM's objective of turning district....
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....s into export hubs, Central Board of Indirect Taxes and Customs has now started capturing district-wise data or origin of export goods. The idea was also recently echoed by the Hon'ble Finance Ministe....
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....r in her Budget speech. This additional information from the export declarations will provide a key statistical input to policy makers on the importance of each district for exports and will help in a....
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....ligning the policies to enhance local capacity. Additionally, the export declarations would now also capture declarations by exporters intending to avail India's Free and Preferential Trade Agreement....
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....s (FTAs/PTAs) being exported to partner countries. This would provide critical data on the gains being made by Indian exporters under FTAs/PTAs and help the Government align India's foreign trade poli....
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....cy in nation's best interests. Further, CBIC has now made it mandatory that every GST registered importer and exporter must declare their GSTIN on the import and export declarations. Not only will th....
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....is help the taxpayers to claim the ITC Credit and IGST Refunds, it would also help in combatting frauds. The above initiatives of the CBIC will help policy makers take data-driven decisions.<BR> News....
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.... - Press release - PIB....