- Todarwal & Todarwal
Ease of Doing Business with New CIP launched by CBIC
Ministry of Finance released Press Release stating CBIC launches Compliance Information Portal (CIP). Under this, CIP shall provide free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items.
On 4th August, 2021, The Central Board for Indirect Taxes & Customs (CBIC) launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP for providing free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items.
CIP is yet another facilitation tool developed by CBIC to empower our business as well as any interested person with up-to-date information on the legal and procedural requirements of Customs and Partner Government Agencies (FSSAI, AQIS, PQIS, Drug Controller etc.) for carrying out imports and exports. The portal would provide at the click of a button complete knowledge of all import and export related requirements for all items covered under the Customs Tariff thereby improving the ease of doing cross border trade.
For using CIP, one can simply enter either the Customs Tariff Heading (CTH) or the description of the goods in question to get information to step-by-step procedures, regulatory compliances requirements like License, Certificates, etc., for imports as well as exports. This includes import and export through posts and courier, import of samples, reimport and reexport of goods, self-sealing facility for exporters and project imports.
Another important feature of CIP is a pan India map showing all the Customs seaports, airports, land customs stations etc. It also contains addresses of the regulatory agencies and their websites.
Impact – Impact – It is a welcome step by the CBIC. It will help the the businessman to know the procedural and legal requirement before exporting or importing and helps in fastening the process. Also, no officer or Clearing House Agent shall harass the businesses in the wake of absence of relevant information with them.