Author: admin

CBIC introduces new “Voluntary Revision of Entries Post Clearance” Regulations, 2025

The Central Board of Indirect Taxes & Customs (CBIC) has announced a major reform with the introduction of the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025, effective 1st November 2025.

This provision—empowered under Section 18A of the Customs Act, 1962—allows importers and exporters to voluntarily revise entries in Bills of Entry, Shipping Bills, or Bills of Export even after customs clearance, subject to conditions.

🔹 Key Highlights:
• Electronic filing of revision applications through the common portal.
• Two types of applications:
▪ Revision of Entries
▪ Revision of Entries cum Refund (for refund-related cases)
• Self-assessment approach with verification by Customs based on risk evaluation.
• Fee: ₹1,000 per application (as per Notification 69/2025-Customs).
• Refunds, where applicable, will be processed under Section 27 of the Customs Act.
• Exclusions: Cases under audit, investigation, or where re-assessment is already initiated.

This move promotes voluntary compliance, transparency and trade facilitation—empowering businesses to rectify post-clearance errors without penalty.

DGFT Launches Pilot of “Bharat Aayat Niryat Lab Setu” — Digital Platform for Testing & Certification

The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 14/2025-26, announcing the pilot launch of the Bharat Aayat Niryat Lab Setu – a single-window digital platform connecting exporters, importers and accredited testing & inspection agencies across India.

🔹 Purpose: To make certification for export/import commodities faster, transparent and paperless.

🔹 Platform Access: https://trade.gov.in/pages/labsetu

🔹 Pilot Phase Dates:
 • Nov 4, 2025 – Onboarding of labs and agencies
 • Nov 11, 2025 – Exporters/importers can start submitting test applications

🔹 Key Features:
 • Online application, tracking, and digital test certificates
 • Real-time traceability and QR-based verification
 • Integration with DGFT login (no new registration needed)
 • Parallel use of current manual process during pilot

DGFT has expanded eligibility for its “Source from India” service under the Trade Connect ePlatform — a digital gateway for foreign buyers to discover verified Indian exporters.

What’s new (effective 1st Nov 2025):

• All valid IEC holders (not in DEL list) can now register, not just Status Holders
• Must have minimum export realisation of USD 100,000 in any one of the last 3 financial years
• DGFT eBRC database will verify export realisation automatically
• Eligible exporters can create a microsite on the Trade Connect portal to showcase their products and credentials

Indian Missions abroad will also use this platform to connect foreign buyers with Indian suppliers.

CBIC has notified the Customs (Finalisation of Provisional Assessment) Regulations, 2025, replacing the 2018 version.

This reform introduces:
✅ Clear timelines for document submission & enquiries
✅ Defined closure deadlines for assessments
✅ Greater transparency & predictability

For businesses, this means faster resolution, reduced uncertainty and smoother trade operations.

CBIC has notified new rules for post-export conversion of export declarations under instrument-based schemes (like Advance Authorisation, EPCG, etc.).

✅ Apply within 1 year (extendable up to 1.5 years)
✅ Must fulfill conditions of new scheme
✅ Can help recover missed export benefits!
The Export Entry (Post Export Conversion in Relation to Instrument-Based Scheme) Regulations, 2025 reflect India’s commitment to ease of doing business, automation, and trade facilitation. For exporters, this is a valuable opportunity to correct errors and claim rightful benefits — with a clearer, digital, and more structured process.

🚨 Important update on proof of origin for FTA claim. 🚨

India has changed its Rules of Origin under FTAs! The term ‘Certificate of Origin’ (CoO) is now replaced with ‘Proof of Origin’, meaning importers must provide additional documents like invoices & production records to claim FTA duty benefits.

⚠️ What This Means for Importers:

✅ Higher compliance requirements
✅ Customs can demand extra proof beyond CoO
✅ Risk of preferential duty denial & penalties if proof is insufficient
✅ Possible clearance delays

📌 Stay informed and make sure you’re compliant with the FTA rules for a smoother import process.

CBIC has introduced “Ekal Anubandh” – a Single Unified Multi-Purpose Electronic Bond for Customs!

✅ One Bond for All Transactions – No need for separate bonds at each port.
✅ Fully Digital Submission via ICEGATE – No paperwork required.
✅ Easy Modifications – You can add new obligations or increase bond amounts anytime.
✅ Electronic Signature & No Notary Needed – Bonds are digitally signed via National E-Governance Services Ltd. (NeSL).
✅ Integrated with Bank Guarantees (BGs) – Direct online linking of BGs with Customs for quick verification.
✅ Real-Time Tracking – Businesses can monitor their bonds and guarantees anytime.

This game-changing initiative simplifies customs procedures, making trade smoother & more transparent. A major boost for EXIM businesses! 🚀

India Updates Its Maritime Trade Laws!

The Bills of Lading Bill, 2025 replaces a 169-year-old shipping law, making trade smoother, reducing disputes and aligning with global standards.

✅ Faster & transparent shipping
✅ Fewer legal complexities
✅ Stronger global trade position

A game-changer for India’s shipping sector!

CBIC has introduced Automation of Refund Applications & Processing to make Customs refunds faster, more transparent, and fully digital. This move aligns with the government’s goal of 100% Customs digitization by mid-2026.

✅ What’s Changing?
1️⃣ Refund Applications Go Digital – No more manual filing!
2️⃣ Faster Processing & Electronic Disbursal
3️⃣ Transparency with Online Tracking via ICEGATE
4️⃣ No More Concurrent Audits – Only Post-Audit for Random Checks
5️⃣ Old Manual System Ends on March 31, 2025

The Indian government has introduced the Furniture (Quality Control) Order, 2025, dated 13th February, 2025, to ensure high-quality standards for furniture products.
Furniture items listed in the government’s notification must meet the Indian Standard specified for them.
They must carry the Standard Mark from the Bureau of Indian Standards (BIS), confirming compliance.