FM Ms Nirmala Sitharaman has said that the series of steps she unveiled pertaining to Customs will promote export competitiveness amid global trade tensions. Regular importers with trusted, long-standing supply chains would be recognised in the risk system, so the need to verify their cargo every time can be minimised. Export cargo using electronic sealing will be provided through clearance from the factory premises to the ship. For the import of goods which do not require any compliance, filing of a bill of entry by a trusted importer, and the arrival of goods will automatically notify Customs to complete clearance approvals. This will enable goods to be released immediately on arrival.
Besides, the Customs warehousing framework would be transformed into a warehouse operator-centric system with self-declarations, electronic tracking and risk-based audit. Approval for cargo clearance from various government agencies would be seamlessly processed through a single and interconnected digital window by the end of the fiscal year. A Customs-integrated system would be rolled out in two years as a single, integrated and scalable platform for all Customs processes, said a report.
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