CBIC to roll out Eligible Manufacturer-Importer Scheme by March 1: Chairman ...Middle East

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CBIC to roll out Eligible Manufacturer-Importer Scheme by March 1: Chairman
source : Business Standard ( Middle East ) () 10
The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer scheme by March 1, with a draft framework to be released in five to six days for stakeholder consultation, a top official said on Thursday. Addressing a media interaction in Mumbai, CBIC Chairman Vivek Chaturvedi said the scheme will initially be introduced for two years, offering eligible manufacturer-importers a "preview" of the benefits under the new framework. Manufacturers, who are not currently Authorized Economic Operators (AEOs), will receive benefits under this scheme for a period of two years, during which they must comply with the prescribed norms to obtain AEO certification, officials clarified. The government is currently working on finalising the eligibility criteria through an internal committee, and detailed contours of the scheme will be shared soon for public feedback. Chaturvedi indicated that the EMI scheme is aligned with the broader push towar

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