What after AEO, MRA and GNC!
ONCE the Authorized Economic Operator (AEO) is in place, the next step is the MRA – the Mutual Recognition Agreement (MRA). We may soon have an MRA with the USA, which would help hassle-free Customs clearance of Indian goods in the United States. At present every consignment from India is scanned in US leading to delayed delivery. Under the MRA, USA will believe Indian AEO and allow clearance without inspection. The AEO scheme is actually one to facilitate MRA. Once the AEO scheme is successful, we can have MRA with several countries.
Globally Networked Customs (GNC):
The next step is Globally Networked Customs (GNC). GNC would facilitate import and export through streamlining of information exchanges between Customs Organisations and reduction in transaction costs by dispensing with the production of the same information to multiple administrations.
GNC has the potential to fundamentally change the way customs administrations interact - seamless and efficient customs-to-customs, customs-to-business and business-to-business transactions.
The present Chairman of the CBEC, Dutt Mazumder is a globally recognized Customs expert and under his leadership, Indian customs should be a leader in these major steps forward.