Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a new facility enabling accredited merchants to move, store, and clear imported goods directly at their authorized premises instead of congested ports. This initiative, notified on Monday, aligns with the governments vision of a 'trust first, scrutinize later' approach to trade facilitation. Easing Port Congestion and Enhancing Importer Flexibility The facility is exclusively available to importers classified under the upp
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The CBIC has introduced a new facility that allows accredited importers to move, store, and clear imported goods directly at their authorised premises, rather than at ports.
This facility is exclusively available to importers classified under the upper tiers (Tier II and III) of the Authorised Economic Operator (AEO) scheme.
Eligible importers can benefit from reduced paperwork, enhanced supply chain efficiency, greater operational flexibility, and their private storage facilities are treated as an extension of the port.
Yes, goods flagged for scanning or those with suspicious findings will not be eligible for this facility.
This initiative aligns with the government's vision of a 'trust first, scrutinise later' approach to trade facilitation and improving the ease of doing business.
Some experts caution that restricting the facility to higher-tier AEO importers may create market disparity, potentially disadvantaging smaller businesses.
CAclubindia
