The Directorate General of Foreign Trade (DGFT) has announced the operationalisation of the Inventory-based Cross-border E-Commerce Facilitation Framework. This framework is part of the Handbook of Procedures, 2023. It aims to streamline processes for cross-border e-commerce transactions, potentially impacting how goods are documented and shipped internationally.
This new framework could affect documentation and filing procedures for businesses engaged in cross-border e-commerce. It may introduce new requirements or alter existing ones for inventory management and shipment processing. The specifics of how this impacts Neo's clients in Cochin and Chennai, particularly those dealing with e-commerce, need to be verified against the official notice.
1) Open the official notice
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice