Need to Increase Trade Facilitation in Customs: FM
FINANCE Minister, Pranab Mukherjee has emphasized on the need to increase trade facilitation in customs. He was addressing the third meeting of the Consultative Committee attached to the Ministry of Finance during inter-session period of Parliament 2011. The subject matter of the meeting was “Trade facilitations in customs”.
A Power Point Presentation explaining the various initiatives taken by the Central Board of Excise & Customs (CBEC) in enhancing trade facilitation was made before the Members of the Consultative Committee, including a roadmap for future initiatives proposed to be undertaken.
During the discussions which followed the presentation, the members of the Consultative Committee appreciated the initiatives taken by the Customs department in facilitating trade. The members also offered some suggestions for furthering the cause of facilitation. These suggestions included, strengthening of customs infrastructure and administration in border areas, facilitating clearance of perishable cargo, greater linkage with other agencies and improving road/rail infrastructure in remote areas.
Both the Ministers of State for Finance i.e. Shri S. S. Palanimanickam and Shri Shri Namo Narain Meena attended the meeting alongwith Members of Parliament and senior officials of the Ministry of Finance.
Fortunately or unfortunately, ‘Self Assessment and Post Clearance Audit in Customs' which was viewed as a trade facilitation measure by the ex-Chairman of CBEC was for various reasons not well received in the trade.
Also refer to 11.04.2011, 08.08.2011, 26.08.2011, 06.09.2011, 31.10.2011 for more on this.