‘Swift’ Cus­toms Clear­ance at Ports

The Economic Times - - Companies - Deepshikha.Sikar­war@ times­group.com

New Delhi: Im­ported choco­lates, medicines, tex­tiles and plant prod­ucts will now see ‘swift’ pas­sage to In­dia, with the coun­try join­ing the league of se­lect na­tions to launch 24x7 Sin­gle Win­dow In­ter­face for Fa­cil­i­tat­ing Trade at cus­toms ports. Im­porters and ex­porters will now have to file just one form at cus­toms ports for clear­ance from all agen­cies in­clud­ing the Food Safety and Stan­dards Au­thor­ity of In­dia, Drug Con­troller General of In­dia, Plant Quar­an­tine and Wildlife Crime Con­trol Bureau.Im­ports will be sub­ject only to risk-based checks by all these agen­cies in­stead of com­pul­sory 100% test­ing. This will bring down pa­per work at cus­toms to one form from nine ear­lier and clear­ance time of cargo to two-three days, sig­nif­i­cantly re­duc­ing trans­ac­tion costs for traders. Finance min­is­ter Arun Jait­ley had an­nounced sin­gle-win­dow cus­toms clear­ance in his bud­get speech. In­dia is ranked 133 in the World Bank’s ease of do­ing busi­ness rank­ing on the “trad­ing across bor­ders” pa­ram­e­ter.

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