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CBIC sets up three working groups to facilitate exports, curb tax evasion

The groups will consult stakeholders, including export promotion councils, and submit report within two months

Press Trust of India  |  New Delhi 

Income tax

The has set up three working groups to suggest ways to facilitate exports, especially through e-commerce, and improve compliance by way of curbing

(CBIC) has constituted three Working Groups to study and recommend measures to facilitate trade, promote and improve compliance, the board said in a statement.

The working groups will focus on export promotion and facilitation with emphasis on boosting through e-commerce, addressing the trade facilitation barriers faced in India's export market and improving the quality of logistics services for exporters.

It will focus on enhancing compliance, plugging loopholes to improve customs revenue collections and curb Integrated GST (IGST) refund frauds, said.

The groups will also work towards improving the legislative structure of customs tariff and update it to suit the emerging and future needs of the economy and industry, it added.

"Special focus would be given to create a comprehensive export tariff structure to enhance India's export competitiveness," the said.

The groups will consult stakeholders, including export promotion councils, and submit report within two months.

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CBIC Chairman Pranab Kumar Das said the recommendations of the groups would further enhance the ease of doing business and export competitiveness.

"CBIC will be using advanced data analytics tools for augmenting revenue and curbing frauds," Das said.

First Published: Sat, February 23 2019. 16:25 IST
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