Import-export curbs on Covid vaccine go

New Delhi, January 1

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The government has allowed the import and export of Covid vaccine without any value limitation, to ensure speedy clearance and distribution.

The Central Board of Indirect Taxes and Customs (CBIC) has amended norms to facilitate the import/export of Covid vaccine through courier, at locations where the Express Cargo Clearance System is operational.

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“Import and export of vaccines in relation to Covid have been allowed without any value limitation,” said the amended Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2020.

Importers have been advised to indicate the unique identifier of the container and the accessories during import in the courier bill of entry (CBE-V) and also at the time of re-export in the courier shipping bill (CSB-IV) for facilitating clearance.

The CBIC, in a letter to field offices, has said since multiple stakeholders will be involved in the process of clearance of the vaccines, effective coordination among stakeholders would be necessary. — TNS

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