The Central Board of Indirect Taxes and Customs (CBIC) has invited suggestions to review the Customs laws and procedures and the Customs Duty Exemption Notifications. These suggestions are invited from all stakeholders such as importers, exporters, domestic industry, trade associations and the public at large.
The aim of this endeavour is to reconcile the Customs laws and procedures with the needs of contemporary times and to facilitate ease of doing business.
It may be recalled that Finance Minister, in the Budget 2020-21 Speech, proposed to crowdsource suggestions to review the Customs Duty Exemption Notifications. In light of this, the MyGov Innovate portal has been instituted for the general public to provide their suggestions online.
The last date to offer suggestions is the 21st of August 2020.
