FM Inaugurates New Building of Chennai Air Customs
FINANCE Minister, Pranab Mukherjee, yesterday inaugurated the new office building of the Commissioner of Customs, Chennai Airport and Air Cargo, adjacent to the airport.
The FM said that though the country had come out of the global financial recession as the fastest growing economy, next only to China, there was no room for complacency as “the challenges are enormous for a growing economy. He said that the Government’s policies were focused on keeping the trade gap within manageable limits as a sharp export-import imbalance could cause concern in the long term as it manifested in the current account scenario.
Legal Corner Icon — the image was hosted by the publisher and was not captured.Legal Corner Icon — the image was hosted by the publisher and was not captured.He pointed out that the revenue collected from Chennai air cargo complex from international trade has shown an increase of 278% during the period 1997-98 to 2009-10. He also pointed out that the value of imports during the same period has gone up from 4666 crores of rupees to 52003 crore rupees in 2009-10.