These reforms include removal of the ₹1-million value cap per consignment on courier exports, introduction of a streamlined framework for handling returned and rejected parcels and a legally-backed return to origin (RTO) mechanism for uncleared shipments.
India has operationalised reform measures to strengthen and streamline e-commerce exports as well as broader courier-based imports and exports with effect from today.
These include removal of the ₹1-million value cap per consignment on courier exports, introduction of a streamlined framework for handling returned and rejected parcels and a legally-backed return to origin mechanism for uncleared shipments.
These are aimed at enhancing ease of doing business, reducing logistics inefficiency, reducing dwell time, lowering transaction costs and strengthening the country’s global export competitiveness, particularly for micro, small and medium enterprises (MSMEs), artisans and start-ups, according to a release from the Ministry of Finance.
The removal of the ₹1-million value cap per consignment on courier exports is expected to significantly boost exports, especially for e-commerce exporters, by allowing greater flexibility in shipment value and enabling seamless exports through the courier mode, eliminating the need to divert such shipments to conventional air or sea cargo solely due to value restrictions, it said.
The RTO mechanism is expected to ease congestion at courier terminals and improve logistics efficiency.
CBIC has also simplified the procedure for re-import of returned or rejected goods, including those relating to e-commerce exports. A risk-based approach has been adopted in place of consignment-wise verification, and necessary amendments have been carried out in the relevant notification.
In addition, a dedicated return module has been developed in the Express Cargo Clearance System to facilitate smooth processing of such returns.
Fibre2Fashion News Desk (DS)
