CBIC has issued Circular No. 28/2023, which permits the advance assessment of courier shipping bills. This change aims to facilitate faster clearance and improve the efficiency of courier shipments by allowing assessments to be conducted prior to the arrival of goods.
The advance assessment option can significantly reduce clearance times for courier shipments. This is particularly beneficial for industries relying on timely deliveries, such as textiles and chemicals. However, the specific impact will depend on the details of the Circular, which need to be verified against your current shipping practices.
1) Open the official notice here
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