Export incentives for postal shipment from Jan 15: CBIC

NEW DELHI: The Central Board of Indirect Taxes & Customs (CBIC) on Friday said export incentive schemes like duty drawback, RoDTEP, and RoSCTL will now be available to postal shipments.

The incentives are expected to significantly enhance the competitiveness of MSME exporters, especially from smaller towns and remote areas, and give a fillip to postal exports, the finance ministry said in a statement. The ministry said this measure aims to provide a level- playing field for exporters using the postal channel and to create a conducive ecosystem for growth of cross-border e-commerce.