CBIC to Introduce E-Processing for Gems & Jewellery Trade from Next Month
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has announced the implementation of an electronic processing system for the import and export of gems, jewellery, and machinery samples carried by air passengers. This digital initiative will take effect on the 1st of May at selected airports across India.
Airports Included in the Initiative
According to CBIC’s announcement, the new system will facilitate personal carriage for exports and imports at specific airports:
– For Exports: The personal carriage of gems and jewellery will be permitted at nine airports: Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bangalore, Hyderabad, and Jaipur.
– For Imports: The personal carriage of gems and jewellery will be allowed at seven airports: Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, and Jaipur.
– For Machinery Samples & Prototypes: This facility will initially be available only at four airports: Bengaluru, Chennai, Delhi, and Mumbai.
Impact on the Gems and Jewellery Industry
This initiative is expected to enhance trade efficiency by reducing paperwork, expediting clearance processes, and improving the overall ease of doing business. By digitizing the import and export procedures, CBIC aims to boost India’s jewellery sector, which significantly contributes to the economy.
This move aligns with the government’s broader strategy to leverage digital solutions for modernizing trade and customs operations, ensuring quicker and more transparent processing of goods transported by business travelers.
Conclusion
With the introduction of electronic processing for personal carriage, the gems, jewellery, and machinery trade in India is expected to benefit from reduced procedural delays and enhanced efficiency. The government continues to emphasize digital transformation, making trade faster and more seamless for both exporters and importers.
