- Recently the Central Board of Indirect Taxes and Customs has asked for suggestions from stakeholders on the Standard Operating Procedure and to facilitate the export of jewellery made of precious metals and imitation jewellery through e-commerce in courier mode.
- It has also proposed to amend the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010 to include the proper regulation for the reimport of jewellery.
- The main objective of SoP for bring uniformity and certainty to the process and steps to be followed to facilitate such exports through International Courier Terminals.
- The new rules specify that jewellery export through courier mode is permitted only after receipt of full advance and photos of the export jewellery and Hallmark certificate are uploaded on the customs system.
- This Integration of export through e-commerce platforms would boost the livelihood of millions of people engaged in the sector.
- It has also provided the option of reimports of physically damaged or defective Jewellery exported through courier mode to keep menace makers at bay.
Question:
Q.1 Consider the following statements regarding the jewellery exports through courier routes?A.Courier routes are used to bring uniformity and certainty to the process and to facilitate such exports through International Courier Terminals.
B.In the newly drafted SoPs the reimport option has been removed.
Select the correct option from the given below
a. Only A
b. Only B
c. Both A & B
d. None of the Above
