The Central Board of Indirect Taxes and Customs (CBIC) has reduced the insurance requirement for stored customs cargo from 10 to 5 days, improving cash flow for Customs Cargo Service Providers (CCSPs). Additionally, CCSPs meeting international standards will no longer need to renew licenses for handling goods, as their licenses will align with AEO authorization, simplifying operations for logistics operators.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.