GSTnews item24 September 2017

Mandatory self-sealing of export containers deferred to Nov 1

News Update

Mandatory self-sealing of export containers deferred to Nov 1

Published Date: Sep 25, 2017
Source: ICAI PD Committee
The finance ministry has deferred by a month the mandatory self-sealing of export containers and use of radio-frequency identification tags to November 1 as traders are facing difficulties in locating vendors of the tracking devices. In a bid to improve ease of doing business, the Central Board of Excise and Customs (CBEC) in the ministry has decided to do away with the sealing of containers with export goods by officials and move towards a trust based compliance environment.The process had to come into force from October 1, but "considering the difficulties expressed by trade associations in locating vendors for RFID seals, the Board had decided that the date for mandatory self-sealing and use of RFID container seals is deferred to November 1, 2017", said a CBEC circular.
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