The Central Board of Indirect Taxes and Customs (CBIC) has eased the norms for import and export of vaccines in relation to COVID-19 through Courier.
In order to facilitate the import or export of vaccines in relation to COVID-19 through Courier, at locations where the Express Cargo Clearance System (ECCS) is operational, the CBIC has issued the Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2020.
These new regulations amended the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010. Firstly, the board has allowed the Imports of and exports of vaccines in relation to COVID-19 without any value limitation.
Secondly, since the vaccines will be imported in durable containers equipped with the requisite temperature monitoring and tracking devices, sub-regulation (3) of regulation 6 and the declaration in Form H (CSB IV) of the Regulations have been suitably amended to provide for the export of the durable container including accessories thereof, imported in relation to COVID-19 vaccines.
Source Taxscan
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