Solution for Cross Border Imports via eCommerce channel
Now, LocalCircles is working with CBIC to identify a solution where customs duty and IGST is charged to the consumer on a prepaid basis at the order placement junction and the shipments can flow seamlessly at the customs port.
If you have inputs on how such a solution can be implemented between ecommerce portals/apps, payment gateways and customs, kindly share them.
We look forward to your inputs! more
As e-commerce operations across international boundaries are based on direct business to consumer models, an optimum flat rate of duty and single tariff classification is a must. Basic customs duty should be high as it is not available as credit. All e-commerce operators must register with one agency designated by the CBIC. The duties should be collected and paid on a periodic basis, say weekly, by such registered operator to the Central Government. A weekly return should be prescribed of goods imported, giving details in electronic format of consumer, delivery address, description of goods, sale price (exclusive of duty component) and payment receipt method i.e. net banking/card payment/payment portal/cash on delivery. more