New Delhi, Dec 14 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has introduced a new automated system which allows exporters to deposit the export parcel at any nearby post office instead of visiting a foreign post office.

It has notified Postal Export (Electronic Declaration and Processing) Regulations, 2022 to boost MSME exports in the country, reported PTI.

Currently, an exporter or his agent is required to file the export declaration at one of the 28 Foreign Post Offices (FPOs) and hand over the consignment for export while sending it through the postal route.

Exporters will not be required to visit a foreign post office (FPO) as per CBIC’s new automated system.

Further, it will simplify the processing of commercial postal exports by automating the entire procedure and connecting the postal network to the notified FPOs.

“In order to leverage the vast network of post offices across the country and enable MSMEs to export to global markets using e-commerce or other regular channels, the CBIC in collaboration with DoP (Department of Post) has developed a dedicated Postal Bill of Exports automated systems for postal exports,” informed CBIC.

The new system would enable exporters to get the Postal Bill of Exports (PBE) online and deposit the export parcel in a nearby post office.

The export parcel deposited by the exporter will be moved by the DoP to an FPO for customs clearance.  (KNN Bureau)