CBIC launches Compliance Information Portal (CIP) | Daily Current Affairs 2021

CBIC launches Compliance Information Portal (CIP)

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Indian Customs Compliance Information Portal (CIP)

CIP: The Central Board for Indirect Taxes & Customs (CBIC) here today launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP.

Key Details:

  • CIP is yet another facilitation tool developed by CBIC.
  • This newly inaugurated portal has been launched for providing free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items.
  • This tool will empower business as well as any interested person with up-to-date information on the legal and procedural requirements of Customs and Partner Government Agencies (FSSAI, AQIS, PQIS, Drug Controller, etc.) for carrying out imports and exports.
  • It would provide complete knowledge of all import and export-related requirements for all items covered under the Customs and Partner Government Agencies at the click of a button, thereby, improving the ease of doing cross-border trade.
  • Another important feature of CIP is that it is a pan India map that shows all the Customs seaports, airports, land customs stations, etc.
  • It also comprises addresses of regulatory agencies and their websites.

How CIP can be used?

  • One can use the CIP by simply entering either the Customs Tariff Heading (CTH) or description of goods in question in order to get information to step-by-step procedures, regulatory compliances requirements such as License, Certificates, etc.
  • This includes import and export through posts and couriers, import of samples, re-import and re-export of goods, self-sealing facility for exporters and project imports.

About CBIC:

  • CBIC is an acronym for the Central Board of Indirect Taxes and Customs.
  • It is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax and Narcotics in India.
  • It comes under the Department of Revenue, Ministry of Finance.
  • It was founded on 1 January 1964.
  • The current Chairman of CBIC is M. Ajit Kumar.

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