Govt issues standard SOP for e-commerce exports of jewellery
The Finance Ministry on 15 July has issued a simplified regulatory framework standard operating procedure (SOP) for e-commerce exports of jewellery through courier mode.
The Framework takes into account the need for uniformity of customs proceedings which brings certainty to the trade.
It also addresses a unique requirement of the e-commerce eco-system for re-import up to the prescribed limit in certain cases.
The simplified regulatory framework in the form of Standard Operating Procedure (SOP) has been issued by the Central Board of Indirect Taxes and Customs.
The SOP details the operational, movement and procedural aspects of exports based on electronic declarations through international courier terminals.
The first phase has been started with exports through Bengaluru, Delhi and Mumbai.
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