The language used in CBIC’s customs notifications is complex and needs to be simplified. This will help the industry to understand these orders.
Economic research institute GTRI has given this suggestion.
For this, the Central Board of Indirect Taxes and Customs (CBIC) should engage the services of communication experts to help draft simple notifications with necessary details, the Global Trade Research Initiative (GTRI) said.
The company said this will help more than one lakh companies importing goods worth more than $660 billion in 2023 and will provide ease of doing business with zero cost to the government and clarity to Indian industry.
GTRI co-founder Ajay Srivastava said, “Notifying import duty is an important job of the CBIC. Companies pay the import duty notified by the CBIC, but they cannot do it themselves because of the complex language used in the CBIC notifications. have been made and most of them refer to previous notifications.
He said that use of simple language will also increase transparency in its fees and other information.
Import duties on different products in India vary widely (ranging from 0-150 per cent).