12 September 2024

The Central Board of Indirect Taxes and Customs has introduced the Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2024, which will take effect from their publication in the Official Gazette. The amendments primarily update Regulation 2 by refining the definition of "export promotion schemes" to exclude Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP), and Rebate of State and Central Taxes and Levies (RoSCTL) schemes, along with similar schemes from previous Foreign Trade Policies. 

 

Additionally, changes to Regulation 6 include an exemption from certain regulatory requirements for exports under these schemes and mandate that Authorized Couriers or their agents, who have passed relevant examinations, must use an electronic integrated declaration for such exports as specified in the Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019.