Efforts to reduce compliance burden of various procedures amp; requirements under Customs Act,1962: CBIC Circular

CBIC has decided to abolish renewals of Licence/Registration in Customs Brokers Licensing Regulations, 2021 and Sea Cargo Manifest and Transhipment Regulations, 2018. It has been decided to provide lifetime validity of the licenses/registrations; to enable provision for making the licenses/registrations invalid in case the licensee/registration holder is inactive for the period exceeding 1 year at a time; to provide for voluntary surrender of license/registration etc.CBIC has decided to abolish renewals of Licence/Registration in Customs Brokers Licensing Regulations, 2021 and Sea Cargo Manifest and Transhipment Regulations, 2018. It has been decided to provide lifetime validity of the licenses/registrations; to enable provision for making the licenses/registrations invalid in case the licensee/registration holder is inactive for the period exceeding 1 year at a time; to provide for voluntary surrender of license/registration etc.taxmann.com Latest Statutory HappeningsRead More

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