Govt to Plug Holes in On­line Pay­ment of Cus­toms Duty to Boost Ex­ports

The Economic Times - - Economy - Kir­tika.Suneja@ times­group.com

New Delhi: The gov­ern­ment plans to boost ex­ports by plug­ging loop­holes in on­line pay­ment of cus­toms duty and en­sur­ing roundthe-clock cus­toms clear­ance at ports and air­ports. This will also help In­dia ful­fil its com­mit­ments un­der the World Trade Or­gan­i­sa­tion’s Trade Fa­cil­i­ta­tion Agree­ment, of­fi­cials said.

“We want to re­duce trans­ac­tion costs be­cause ex­ports have been de­clin­ing. One such way is to stream­line ex­ist­ing pro­ce­dures through bet­ter co­or­di­na­tion be­tween var­i­ous agen­cies...we have to think out of the box,” said one of the of­fi­cials, who did not wish to be named. “We should use the Trade Fa­cil­i­ta­tion Agree­ment to pro­mote ex­ports,” he said. The com­merce de­part­ment plans to ex­tend the tim­ings of cus­toms clear­ance at ports and air­ports so as to re­duce con­ges­tion dur­ing peak hours of 2-6 pm.“Even though there is 24x7 cus­toms clear­ance, it has not com­pletely taken off be­cause of lack of co­or­di­na­tion be­tween cus­toms and CISF. We will have to sort out traf­fic re­stric­tions on truck move­ments to avoid de­lays in ex­ports,” the of­fi­cial said.

How­ever, Ajay Sa­hai, di­rec­tor gen­eral of the Fed­er­a­tion of In­dian Ex­port Or­gan­i­sa­tions, said there is need to in­crease man­power to im­ple­ment the 24x7 pro­ce­dures.,

Another step be­ing con­sid­ered is to ex­tend the tim­ing of on­line pay­ment of cus­toms duty, which is op­er­a­tional till 5.30 in the evening.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.