Delhi HC to CBIC: Consider preferential treatment for start-ups, MSMEs in customs delays

The Delhi High Court has directed the CBIC to "consider preferential treatment for start-ups and MSMEs" in "customs delays." The court's observation came in a case where a start-up had faced significant delays in customs clearance, causing financial losses. The court emphasized that start-ups and MSMEs are the backbone of the economy and should be provided with a supportive environment to thrive. The court's decision is a significant step towards a more user-friendly and less intrusive tax environment for small businesses, and it is expected to have a significant impact on their growth and competitiveness.