Aims to reduce physical inspections and human intervention
The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, according to Mr Vivek Chaturvedi, Chairman, CBIC. The scheme will initially be introduced for two years, offering eligible manufacturer-importers a preview of the benefits under the new framework. Manufacturers who are not currently Authorised Economic Operators (AEOs) will receive benefits under this scheme for a period of two years, during which they must comply with the prescribed norms to obtain AEO certification.
The EMI scheme is aligned with the broader push towards trust-based administration and technology-driven Customs processes. With Artificial Intelligence and Machine Learning increasingly being deployed in risk assessment and cargo screening, the new system aims to reduce physical inspections and human intervention, enabling faster, data-driven decision-making, as per a report.
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