CBIC to Roll Out Eligible Manufacturer-Importer Scheme by March 1: Chairman

The Central Board of Indirect Taxes and Customs (CBIC) is set to launch a new scheme for eligible manufacturers and importers by March 1. This initiative is designed to enhance efficiency in risk assessment and cargo screening through the integration of artificial intelligence (AI) and machine learning technologies. By utilizing these advanced tools, the CBIC aims to minimize the need for physical inspections and reduce human involvement in the decision-making process. This shift will facilitate quicker, data-driven assessments, ultimately streamlining customs procedures. The move is anticipated to benefit the manufacturing and import sectors by expediting cargo clearance times and enhancing operational efficiencies, thereby contributing to a more robust economic environment. The CBIC's focus on technological advancements reflects a broader trend in government agencies to leverage digital tools for improved service delivery and regulatory compliance, marking a significant step towards modernizing India's trade infrastructure.