Indian CBIC relaxes rules for CCSPs to raise cash flow, ease doing biz

It also streamlined licence requirement for CCSPs. CCSPs that meet international operational standards (AEO) will no longer be required to undergo the renewal process of their licenses for handling goods under the Handling of Cargo in Customs Areas Regulations, 2009.

Their licenses have been made synchronous to their AEO authorisation. This will result in ease of doing business for logistics operators working as CCSPs, a release from the finance ministry said.

ALCHEMPro News Desk (DS)