CBIC issues Courier Imports and Exports (Clearance) Amendment Regulations, 2018

Aug 06, 2018 | by Avantis RegTech Legal Research Team


Central Board of  Indirect Taxes and Customs vide notification dated August,03,2018 has issued the he Courier Imports and Exports (Clearance) Amendment Regulations, 2018, further to amend the e Courier Imports and Exports (Clearance) Regulations, 1998.

In the Courier Imports and Exports (Clearance) Regulations, 1998 (herein after referred to as the said regulations), in regulation 2, in sub regulation (2), in clause (e), - (i) in sub-clause (iii), for the proviso, the following proviso shall be substituted, namely:

“Provided that this sub-clause shall not apply to goods notified in Appendix 3C of the Foreign Trade Policy (2015-2020), under the Merchandise Exports from India Scheme (MEIS) in consignment of value up to five lakh rupees and involving transaction in foreign exchange

(ii) in sub-clause (v), for the words “twenty five thousand”, the words “five lakh” shall be substituted

In regulation 6 of the said regulations, in sub-regulation (3), in the first proviso for the words “twenty-five thousand”, the words “five lakh”, shall be substituted

[Notification 68/2018 Customs]

 

URL- http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-nt2018/csnt68-2018.pdf


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