Useful initiatives from CBIC to simplify trade for importers, exporters

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Useful initiatives from CBIC to simplify trade for importers, exporters - Business Standard

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The idea is to make the Customs processes easier to understand, simpler and more effective.

Last week, the Central Board of Indirect and Taxes (CBIC) released its Customs Manual 2025, issued circulars regarding electronic filing and processing of Customs duty refund applications and furnishing single unified multi-purpose electronic bond to the Customs and notified the Customs (On -Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025.