Govt allows import/export of Covid-19 vaccine without any value limitation
The government has allowed import and export of Covid-19 vaccines without any value limitation, in order to ensure speedy clearance
New Delhi: The government has allowed import and export of Covid-19 vaccines without any value limitation, in order to ensure speedy clearance and distribution.
The Central Board of Indirect Taxes and Customs (CBIC) have amended the regulations to facilitate the import/export of Covid-19 vaccines through courier, at locations where the Express Cargo Clearance System (ECCS) is operational.
"Imports of and exports of vaccines in relation to Covid-19 has been allowed without any value limitation," said the amended Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2020.
The CBIC said that Covid-19 has posed unprecedented challenges to Customs and other administrations in the world over and efficient clearance and distribution of vaccines would be a critical requirement in the collective fight against the pandemic.
"The challenges in doing so is heightened by the fact that the vaccines need to be stored and transported under controlled temperatures and there are multiple stakeholders involved in this process. This necessitates putting in place efficient cross-border procedures for speedy evacuation of the vaccines," the CBIC said.
The CBIC, in a letter to field offices, said since multiple stakeholders will be involved in the process of clearance of the vaccines, effective coordination among the stakeholders would be necessary.