GJ Town India

Swifter Customs clearance for accredited Stakeholders in the global supply chain! India announces liberalised MSME AEO Package!   Recognising their critical contribution in supporting the economy especially during the present difficult times of Covid-19 pandemic, Central Board of Indirect Taxes & Customs (CBIC) has taken a new initiative to introduce its flagship, Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs).   In order to attract MSMEs to become Authorised Economic Operators (AEOs) and avail the various benefits, the CBIC has relaxed the compliance criteria provided the MSMEs have a valid certificate from their line-Ministry.  The relaxed requirements allow MSMEs who have filed minimum 10 Customs clearance documents in one year and who have a clean compliance record over 2 years to apply for the scheme.  The documentary requirements have also been appreciably simplified. Another feature is that the CBIC commits to take a decision on an applicat

  The world wants a resilient global supply chain It is our duty to take this opportunity!   Minister of Commerce & Industry Piyush Goyal addressed Indian Chamber of Commerce’s Annual Plenary Session via video conferencing. In his address, Piyush Goyal acknowledged ICC, very important role played to ensure orderly handling of the pandemic and get back to country’s original agenda of achieving $5 trillion economy by 2025. Goyal said that Covid should be seen an opportunity for all of us, to relook at our businesses, processes, our way of working; relook at our quality & productivity standards.  “This nation is proud of each & every one of you. This nation will always remember the way Indian industry rose to the occasion, the way it expanded capacities to start manufacturing PPEs, masks, ventilators in India.”, he added.   ‘Today, the world is looking upon India as a trusted partner. The world wants a resilient global supply chain & it is our duty to take this opportu