The Central Board of Indirect Taxes and Customs (CBIC), on June 15, issued a notification and circular for further simplification of the exports of jewellery through courier mode for such exporters who do not wish to re-import.
The reduction in documentation requirements and simplified shipping bill details will make the export process more efficient and contribute to the growth of e-commerce exports in the gem and jewellery sector. The new guidelines eliminate the requirement for exporters to fill out specific additional fields related to item-level identification of jewellery.
Also, certain document attachments that were mandatory while filing the courier shipping bill-V have been removed. Meanwhile, a one-month transition period has been provided, and in the first phase, exports will begin through Bengaluru, Delhi and Mumbai.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
