In Delhi, India’s government just rolled out a big overhaul to the country’s customs‑exemption rules, aiming to make cross‑border trade simpler for businesses. The new guidelines come from the Ministry of Finance’s Department of Revenue.
The Central Board of Indirect Taxes and Customs (CBIC) has combined 31 separate customs‑duty exemptions into one single notification. It covers a wide range of sectors, from renewable energy and metals to fertilizers, agriculture, pharmaceuticals and electronic components.
Starting November 1, 2025, the new notice will replace a bunch of older rules with one streamlined framework. It offers conditional relief on customs duties, the Integrated Goods and Services Tax (IGST) and a compensation cess when needed.
The notice, numbered 44/2025‑Customs, revises key earlier orders—such as 11/2018‑Customs, 8/2020‑Customs, 11/2021‑Customs and 52/2017‑Customs—while keeping all the benefits businesses already enjoy. The goal is to cut out redundant paperwork and duplicate provisions.
This move fits into India’s broader push to align customs policies with the Integrated GST and ongoing budget adjustments. It signals a clear effort to improve the ease of doing business in the country.
Earlier this month, the CBIC introduced a system‑based auto‑approval feature for IFSC code registration. If an importer‑exporter code (IEC) already has an approved incentive bank account at one customs office, the system will automatically approve the same account and IFSC code at any other office. The feature is part of a tech‑driven initiative to lower transaction costs and streamline procedures for India’s trade community.
Source: ianslive
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