Which organisation launched the Indian Customs Compliance Information Portal (CIP) to provide free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff items in the year 2021?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Central Board for Indirect Taxes & Customs.
- In 2021, the Central Board of Indirect Taxes and Customs (CBIC) introduced the Indian Customs Compliance Information Portal (CIP).
- This portal offers free access to information on Customs procedures, regulatory compliance, and requirements for around 12,000 Customs Tariff items.
- It aims to simplify trade processes by providing detailed, up-to-date information, and enhancing transparency and compliance for businesses involved in importing and exporting goods in India.