Circular No.ES/143/2017-18 August 04, 2018
To: Members of the Council
This is to inform you That Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 68/ 2018- Customs (N.T.) dated 03rd August, 2018 by making amendments in the Courier Imports and Exports (Clearance) Regulations, 1998. These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2018, and shall come into force on the date of their publication in the Official Gazette
In the Courier Imports and Exports (Clearance) Regulations, 1998 (herein after referred to as the said regulations), amendments are made in the following-
(i) in sub-clause (iii), for the proviso, the following proviso shall be substituted, namely:
“Provided that this sub-clause shall not apply to goods notified in Appendix 3C of the Foreign Trade Policy (2015-2020), under the Merchandise Exports from India Scheme (MEIS) in consignment of value up to five lakh rupees and involving transaction in foreign exchange;”;
(ii) in sub-clause (v), for the words “twenty five thousand”, the words “five lakh” shall be substituted.
In the first proviso for the words “twenty-five thousand”, the words “five lakh”, shall be substituted.
Members may kindly make a note of the above.