Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Note
Bookmark
Share
Don't have an account? Register Here
<h1>Amendments to Customs Rules 2017: Automated Processes, Simplified Claims, and Voluntary Duty Payments Enhance Trade Facilitation.</h1> The Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, under the Customs Act, 1962, are being amended to enhance trade facilitation. Key changes include the introduction of end-to-end automation for electronic submission of necessary details via a common portal, standardization of electronic forms, and elimination of transaction-based permissions. The process to claim notification benefits is simplified and automated. Importers must submit a monthly statement for monitoring purposes, and there is an option for voluntary payment of duties and interest through the portal. These amendments aim to streamline procedures and improve compliance.