Read Time: 5 mins

The Government, through Circular No. 08/2026-Customs dated February 28, 2026, has introduced a customs duty deferment facility for Eligible Manufacturer Importers (EMI) effective April 1, 2026. The initiative allows approved manufacturers to clear imported goods from ports, airports, and inland container depots without immediate payment of customs duty, thereby improving cash flow and accelerating cargo movement. Applications are to be filed through the AEO India Portal, and the scheme will remain operational until March 31, 2028, while also encouraging manufacturers to transition toward higher accreditation under the Authorized Economic Operator (AEO) Program....

Read Time: 22 mins

The Government of Maharashtra has introduced the Global Capability Centre (GCC) Policy 2025 to position the state as a leading hub for global shared services, technology, and innovation. Aiming to attract 400+ GCCs, drive INR 5,06,000 Mn in investment, and create 4 lakh skilled jobs, the policy offers a strong mix of fiscal incentives, such as capital and rental subsidies, payroll and power support, and R&D benefits and non-fiscal enablers like industry status, 24x7 operational approvals, single-window clearances, and priority land allotment. At BSC, we continue to analyse such regulatory developments to help businesses identify and leverage emerging opportunities....

Read Time: 20 mins

The CBIC has notified the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025, enabling importers and exporters to electronically revise entries even after clearance under a simple ARN-based system. This reform supports voluntary compliance through self-assessment and duty payment without penal action, while refunds are automatically treated as claims under Section 27. With risk-based verification and exclusions for cases under audit, investigation, or reassessment, the move underscores CBIC’s push for trust-based compliance and encourages stakeholders to revisit their customs SOPs to benefit from this streamlined mechanism....