The Central Board of Indirect taxes and Customs (CBIC) has amended the Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2022 for the re-import of returned jewellery exported through the courier mode on an e-commerce platform
The finance ministry has recently came out with draft Standard Operating Procedure (SoP) for facilitating e-commerce jewellery exports through courier route, as it looks to provide a simplified regulatory framework for manufacturers and traders who want to export jewellery.
Earlier, the Board had invited feedback and suggestions from stakeholders by June 14 on the SoP for implementation of a simplified regulatory framework to facilitate export of jewellery made of precious metals and imitation jewellery through e-commerce in courier mode.
As per the notification issued on Thursday, certain conditions and restrictions are notified for the re-import of returned jewellery exported through the courier mode on an e-commerce platform.
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