The Central Board of Indirect Taxes and Customs (CBIC) issued standard operating procedures (SOPs) for courier-based ecommerce jewellery exports.
"The Central Board of Indirect Taxes and Customs (CBIC) issued a simplified regulatory framework for e-commerce exports of jewellery via courier mode on 30.06.2022 in the form of a Standard Operating Procedure (SOP)," according to a CBIC press release. The government will set aside one month to ensure a smooth transition to the new regime. The framework's first phase will be implemented by running exports through Bengaluru, Delhi, and Mumbai. According to a CBIC statement, the SOPs govern the handling, movement, and other procedural aspects of jewellery exports based on electronic declarations, through International Courier Terminals.