Government removes Rs 10 lakh cap on courier consignments to boost e-commerce exports
With an aim to boost e-commerce exports, especially by the small and medium enterprises, the Central Board of Indirect Taxes and Customs (CBIC) announced on Tuesday that it would remove the Rs 10 lakh cap on courier-based export consignments, easing a key restriction that often forced exporters to shift to costlier shipping modes.
The department also announced other measures like the introduction of Return to Origin (RTO) mechanism for faster clearance of unclaimed imports, simplification of process to return uncleared courier imports beyond 15 days to to strengthen India’s e-commerce export ecosystem.
