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impex


             Impex # 3          Shipping bill (CSB-V) notified by Customs for export up to Rs. 25000
                                                    using e-Commerce under MEIS

           Customs issues Notification about shipping bill     The use of e-Commerce in export of goods through courier
           for export up to Rs. 25000 under MEIS               has been allowed in FTP of 2015-29. Para 3.05 of the FTP reads
           using e-Commerce                                    as under:


                           3.05 Export of goods through courier or foreign post offices using e-Commerce
            (i)  Exports of goods through courier or foreign post office using e-commerce, as notified in Appendix 3C, of FOB value
            upto Rs. 25000 per consignment shall be entitled for rewards under MEIS.
            (ii) If the value of exports using e-commerce platform is more than Rs 25000 per consignment then MEIS reward would
            be limited to FOB value of Rs.25000 only.
            (iii)  Such goods can be exported in manual mode through Foreign Post Offices at New Delhi, Mumbai and Chennai.
            (iv)  Export of such goods under Courier Regulations shall be allowed manually on pilot basis through Airports at Delhi,
            Mumbai and Chennai as per appropriate amendments in regulations to be made by Department of Revenue.
            Department of Revenue shall fast track the implementation of EDI mode at courier terminals.
            To operationalise the provision at (iv) above, Customs have issued a notification No. 16 (Customs)/ Non-Tariff dt. 03-03-
            2017 stating that shipping bill CSB -V will be applicable in this regard.
                                        Export upto Rs. 25k in Courier Shipping Bill CSB-V

                                    (Customs Notification No. 16(Non Tariff) dated 3rd March 2017)
            In exercise of the powers conferred by section 157 of the Customs Act,1962 (52 of 1962), the Central Board of Excise and
            Customs hereby makes the following regulations, further to amend the Courier Imports and Exports (Clearance)
            Regulations, 1998, namely:-
            1.  (1) These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2017.
               (2) They shall come into force on the date of their publication in the Official Gazette.

            2.  In the Courier Imports and Exports (Clearance) Regulations, 1998, in regulation 6, in the sub- regulation (3), for the
            first proviso, the following proviso shall be substituted, namely:-

            “Provided that for the goods specified in Appendix 3C of the Foreign Trade Policy (2015-20) and for other commercial
            goods, not covered under clause (e) of sub-regulation (2) of regulation 2, where value of the consignment is up to
            rupees twenty-five thousand and transaction in foreign exchange is involved, such entry shall be made in Form
            Courier Shipping Bill CSB-V.”

            [F. No. 450/4/2013-Cus IV]


            Impex # 3                                     Questions & Answers
            Question : What is the latest news about GST? Do you think it will be implemented from 01-07-2017?
            Answer   : Very considerable progress has been made for implementation of GST. The parliament has already
                       passed the four related legislations that detail the provisions of this single tax regime that will replace
                       multiple state and central taxes to create one national market.
                       The details of the four legislations referred to above are given below:
                       1.  The Central GST Bill                  2.  The Integrated GST Bill


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