CBIC to form panel addressing grievances of gems and jewellery industry
The Central Board of Indirect Taxes and Customs (CBIC) is planning to set up a panel to look into the grievances of the gems and jewellery industry regarding customs clearances.
The industry has flagged several issues to the board with regard to lack of valuers, hand-carriage of gems and jewellery and the Remission of Duties or Taxes on Export Products (RoDTEP) scheme.