customs notification
customs notification

CBIC Extends Export Benefits for Courier Mode Shipments

What changed

CBIC has issued Circular No. 15/2024-Customs, which extends export-related benefits for shipments made through courier mode. This move aims to streamline the process and ensure that exporters using courier services can avail themselves of certain benefits that were previously limited to other modes of export.

Why it matters for shipments

For exporters, particularly those dealing with smaller consignments or urgent deliveries, this extension could simplify documentation and potentially offer financial benefits. Industries like textiles, chemicals, and general trade might find this particularly useful, as courier mode is often preferred for smaller, high-value shipments. However, the specifics of which benefits are extended remain to be verified.

What to do next

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

View the official notification