: CBIC draws plans for orderly cargo evacuation post-lockdown #FinanceIndia #StockMarketNEWS New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) is drawing up plans for systematic evacuation
@StockMarketNEWS Wed 29 Apr, 2020
CBIC draws plans for orderly cargo evacuation post-lockdown #FinanceIndia #StockMarketNEWS
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) is drawing up plans for systematic evacuation of cargo, as and when the goods transportation gets normal post-lockdown.
In a letter to officers and other employees dated April 27, CBIC Chairman M. Ajit Kumar said, “The foreseeable future is likely to see transportation of goods move towards near normalcy. The surge for clearance of containers on the grant of ‘out of charge’ (OOC) should not catch us unawares at any of seaports, airports, inland container depots (ICDs) or container freight station (CFSs).� Calling for a contingency plan for systematic evacuation of cargo without traffic snarlups at the port or in the city, Kumar said the Zonal Chief Commissioners might like to set up special team under an ADC or JC and make them go through the drill to meet any eventuality. “The active involvement of the port authorities may also be required right away,� he said.
The department had expeditiously cleared refund, drawback claims during the special refund drive, he said.
The board had processed around 300,000 refund applications of GST, customs and drawback claims, leading to sanction of Rs 10,733 crore in 15 days since April 8, he said and added, it would provide immediate relief and liquidity to business entities, especially MSMEs.
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