The CBIC vide Notification No. 103/2022-Customs (N.T.) dated December 09, 2022 amended the ‘Export by Post Regulations, 2018’ (“Regulations”).
The amended Regulations will be called ‘Exports by Post (Amendment) Regulations, 2022’.
Through the amendment, Regulation 3(1) of the Regulations has been amended to the extent that, for the words “international credit and debit cards and as specified”, the words “various electronic means and in accordance with the guidelines issued” have been substituted. Earlier the Regulation 3(1) used to be read as:
3. Definitions. – (1) In these regulations, unless the context otherwise requires, –
a) “Act” means the Customs Act, 1962 (52 of 1962);
b) “e-commerce” means buying and selling of goods through the internet on an e-commerce platform, the payment for which shall be done through international credit or debit cards and as specified by the Reserve Bank of India from time to time”;
c) “Form” means the Form appended to these regulations.
Now, post amendment, the Regulation 3(1) of Exports by Post (Amendment) Regulations, 2022 will be read as:
3. Definitions. – (1) In these regulations, unless the context otherwise requires, –
a) “Act” means the Customs Act, 1962 (52 of 1962);
b) “e-commerce” means buying and selling of goods through the internet on an e-commerce platform, the payment for which shall be done through various electronic means and in accordance with the guidelines issued by the Reserve Bank of India from time to time”;
c) “Form” means the Form appended to these regulations.
Also, the forms appended in the Regulations have also been substituted by the new forms prescribed in the amendment Notification.
The Notification along with the Forms can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009568/ENG/Notifications
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