Self-declaration to simplify duty payments and refunds for businesses: CBIC chief
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Subscribe to enjoy similar stories. NEW DELHI : The Centre has introduced a major simplification to customs procedures through an amendment in the Finance Bill 2025, aimed at enhancing ease of doing business for importers and exporters. The reform allows businesses to voluntarily revise customs declarations after clearance—either to pay additional duty or claim refunds—without undergoing time-consuming appeal processes.
According to Central Board of Indirect Taxes and Customs (CBIC) chairperson Sanjay Kumar Agarwal, the amendment enables businesses to self-assess their tax obligations and make corrections if they discover discrepancies. This change eliminates bureaucratic hurdles, offering a direct mechanism for compliance. Read this | Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair “A very big change has been made in procedure for ease of doing business.
To encourage voluntary compliance, a facility for making a voluntary declaration if new material facts come to the notice of an importer or exporter, has been provided," Agarwal told Mint in an interview. Earlier, if businesses failed to pay an applicable duty—such as an anti-dumping tax—they had to engage in a complex process involving departmental approvals before rectifying the oversight. Similarly, claiming refunds for excess duty required an appeal against self-assessment, an appellate order, and further administrative approvals.
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