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Recent amendments in E-Way bill to address concerns of courier, e-commerce logistics companies: ICRA

ET Bureau|Mar 12, 2018, 03.09 PM IST
MUMBAI: Recent amendments in E-Way bill to address concerns of Courier and E-Commerce logistics companies says Rating Agency ICRA.

The Central Board of Excise and Customs (CBEC) recently released a revised draft policy on the generation of e-way bills on March 07, 2018. The Government has made certain amendments in E-Way bills and relaxed certain conditions which will significantly address concerns of e-commerce logistics companies, courier/express cargo companies and less than truck load (LTL) operators.

Subrata Ray, Senior Group Vice President, ICRA, says the modified E-Way bill will benefit small businesses that operate on intra-state basis and transporters that follow a hub and spoke model for operations, such as the less than truckload (LTL) operators.

"As per the revised norms, generation of e-way bills will not be required for each consignment in case of intra-state movement of goods via e-commerce or courier companies where the value of each consignment is less than Rs. 50,000 but the aggregate value is greater than Rs. 50,000. The revised policy has also extended the relaxation on the requirement of updating vehicle details for intra-state movement to 50 Km from 10 Km," explained Ray.

The road transport industry had raised several concerns about the earlier draft E-Way bill policy, especially regarding generation of e-way bills for change of conveyance and requirements of generating e-way bills when value of each consignment carried is less than Rs. 50,000 but the aggregate value carried was more than Rs. 50,000.

This was expected to put significant compliance burden on the road transport sector, especially courier, e-commerce logistics and LTL operators. The Government has now addressed some of these concerns in the revised draft policy for E-Way bills.

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