Despite repeated assurances by the Central Board of Indirect Taxes & Customs (CBIC) ensuring judicious application of the CAROTAR 2020 rules and check on arbitrary practices during the customs clearance of goods, the importers continue to face hardships.
Besides delays in consignments and disruption of the supply chain, the companies from the countries with which India has signed free trade agreement (FTA), continue to be harassed and are being asked to pay a bank guarantee instead (if not actual tariff).
And all this is happening despite the fact CBIC directed its field officers to initiate inquiry on the origin of imported goods only where there were ‘sufficient grounds‘ to suspect the origin of a good, or where the same was identified as a risk by the Risk Management System. Read more...
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