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As per industry sources,   manufactures almost 85% of the global   containers. Moreover, Chinese ports are either closed...
09/09/2021

As per industry sources, manufactures almost 85% of the global containers. Moreover, Chinese ports are either closed or operating at much lower capacity due to the Covid-19, leading to a severe container shortage across the .

and industry minister , railway minister Ashwini Vaishnaw, and minister for ports, shipping and waterways will meet industry representatives on Thursday to discuss issues related to export logistics amid container shortages at ports and skyrocketing freight rates.

No need of license renewal for Customs Brokers and Authorised CarriersCBIC announced that the license issued to Customs ...
26/08/2021

No need of license renewal for Customs Brokers and Authorised Carriers

CBIC announced that the license issued to Customs Brokers and Authorised Carriers will remain valid for lifetime there will be no need for renewal.

This would greatly help reduce the compliance burden cast on the trade, which had to otherwise make application and submit numerous documents to renew their licenses/registrations, an official release said.
The net effect of the amendments carried out to the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, is that the existing licenses/registration would have a lifetime validity, the release added.

Another change that has been introduced is to allow a licensee/registration holder to voluntarily come forward to surrender his license/registration if s/he wishes. Also, a provision has been made to invalidate licences/registrations that are inactive for more than a year.

These steps would prevent misuse of dormant licences/registrations by unscrupulous person who misdeclare import or export or wrongly obtain export refunds/incentives and when caught, put the burden on the original license/registration holder.

At the same time, the interest of the genuine trade is safeguarded by empowering the Commissioners of Customs to revalidate the licence/registration in case the inactivity is for genuine reasons, the release added.

The life-long validity of licenses/registrations is expected to provide a major relief to the trade by reducing their compliance burden and promoting the Ease of Doing Business in India. Removing the requirement of seeking periodic renewals also reduces interface between the Customs and the trade, which is a deliverable of the CBIC’s ‘Contactless Customs’ initiative, a critical component of its flagship Turant Customs programme, release added.

26/08/2021

The CBIC has asked customs commissionerates not to issue any circular or reports which are in the nature of interpretation or clarification

23/08/2021

BRICS Heads of Customs Administrations Meeting...

Mr. M. Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance hosted the BRICS Heads of Customs Administrations Meeting on 8th July, 2021 virtually. India is the current Chair of the BRICS forum.

The Heads of Customs Administrations of BRICS made significant progress in finalising the BRICS Agreement for Cooperation on Mutual Administrative Assistance (CMAA) in Customs matters. This Agreement would pave the way for enhanced cooperation in Customs matters amongst the BRICS countries. The CMAA is a key
deliverable for the BRICS Summit planned later this year.

The meeting also laid out the framework of other BRICS Customs to Customs engagements for 2021 such as a virtual workshop for the Customs officials to sharing knowledge and enhance capacity building. CBIC sought the commitment of the BRICs members to initiate the exchange of pre-arrival Customs data on real time basis which will facilitate genuine trade and curb trade mis-declaration. This proposal received support.

The Heads of Customs Administrations of BRICS agreed that their aims and objectives were broadly mutually aligned and decided to continue to engage in a spirit of cooperation to finalise the key deliverables. A special mention was made of the critical role of the Customs in safeguarding the supply chains amidst the COVID-19
pandemic.

Delegates from Federal Revenue of Brazil, Federal Customs Service of Russian Federation, General Administration of Customs of the People's Republic of China and South African Revenue Service attended the meeting.

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