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Govt allows import/export of COVID-19 vaccine without any value limitation

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NEW DELHI : The government has allowed import and export of COVID-19 vaccines without any value limitation, in order to ensure speedy clearance and distribution.The Central Board of Indirect Taxes and Customs (CBIC) has amended the regulations to facilitate the import/export of COVID-19 vaccines through courier, at locations where the Express Cargo Clearance System (ECCS) is operational."Imports of and exports of vaccines in relation to COVID-19 has been allowed without any value limitation," said the amended Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2020.The CBIC said that COVID-19 has posed unprecedented challenges to Customs and other administrations the world over and efficient clearance.

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