A step towards easy business
As part of the Government’s initiative to facilitate trade, Central Board of Excise and Customs has been taking several steps towards ease of doing business. One such recent initiative has been to encourage the trade to replace paper documents required by law to be preserved with electronic documents and to use digitally signed invoices in Central Excise and Service Tax.
Besides improving ease of doing business and being environment-friendly, these initiatives are also expected to reduce transaction cost for the business.
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