: CBIC unveils End to End Paperless Exports under Turant Customs #FinanceIndia #StockMarketNEWS CBIC unveils End to End Paperless Exports under Turant Customs New Delhi, June 23 (KNN) The Central Board

@StockMarketNEWS Tue 23 Jun, 2020

Posted in: #FinanceIndia #StockMarketNEWS

CBIC unveils End to End Paperless Exports under Turant Customs #FinanceIndia #StockMarketNEWS
CBIC unveils End to End Paperless Exports under Turant Customs New Delhi, June 23 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has launched a secure QR coded Shipping Bill that would be electronically sent to exporters after the Customs allows export.

Ajit Kumar, Chairman, CBIC yesterday unveiled this initiative which will eliminate in one stroke the requirement of the exporters having to approach the Customs officers for proof of export.

This will also make the end to end Customs export process fully electronic, from the filing of the Shipping Bill to the final order to allow export.

This would enhance ease of doing business and lead towards a Faceless, Paperless, and Contactless Customs under the umbrella of its “Turant Customs” programme.

These reforms are based on enhanced use of digital technology to reduce the time and costs for the importers, exporters and other stakeholders, thereby improving India’s ranking in the World Bank’s Trading Across Borders parameter of its Doing Business Report.

The launch of paperless documentation on exports is a sequel to a similar initiative that was begun for imports w.e.f. 15th April 2020. The electronic transmission of the Shipping Bill would do away with the present requirement to take paper printout of these documents thereby promoting Green Customs. Equally importantly exporters would not have to visit the Customs Houses for this purpose and can better utilize their time in promoting their business.

Ajit Kumar informed that the endeavour is to leverage technology to make the Customs clearance process more transparent and faster. Turant Customs, which has as its main component Faceless Assessment, would be implemented in phases across the entire country by January 1, 2021.

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