Central Board of Indirect Taxes and Customs (CBIC) has formed three working groups to study and recommend measures to improve tax compliance, trade, and promote exports. The groups will consult stakeholders, including the export promotion councils and relevant wings of the Ministry of Commerce and Industry, and submit report within two months.
The working groups will focus on export promotion and facilitation with emphasis on boosting exports through e-commerce, addressing the trade facilitation barriers faced in India's export market and improving the quality of logistics services for exporters. It will also work towards enhancing compliance, plugging loopholes to improve customs revenue collections and curb Integrated GST (IGST) refund frauds.
Further, the groups will focus on improving the legislative structure of customs tariff and update it to suit the emerging and future needs of the economy and industry. Also, special focus would be given to create a comprehensive export tariff structure to enhance India's export competitiveness.