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CBIC to handhold MSMEs as less than 1,000 join customs duty payment scheme
The Central Board of Indirect Taxes and Customs (CBIC) will conduct outreach programmes and handhold MSMEs to encourage them to opt for the Eligible Manufacturer Importer (EMI) scheme, a senior official said on Wednesday. With less than 1,000 businesses opting for the EMI scheme since its launch on April 1, the CBIC, effective September 15, "substantially reduced" the data and documentation requirements for businesses who enrol under the scheme. "The scheme has not taken off the way we had envi…
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