Thursday, 8 October 2015
New Delhi: The Central Board of Excise and Customs (CBEC), Chairman, Najib Shah took a host of measures in the coming days to further improve ease of doing business and make international trading paperless.
Speaking of the importance of reducing transaction costs for trade facilitation in keeping with the government of India’s flagship programme Digital India, Shah said incorporating paperless trade is one initiative India is committed towards.
“Incorporating the concept into the supply chain would surely be a game changer resulting in enormous benefits for international trade. In this digital era, building systems to support digital handshake with every stakeholder, so as to ensure paperless movement of cross border trade is one of the main concerts of every customs administration.” Shah said during his inaugural address at the 11th edition of the Asia Europe Meeting (ASEM) of the directors general-commissioners of customs in Goa.
He encouraged the 100-odd heads of customs administrations and delegates from 30 Asian and 21 European counties present to search for ways to make customs the foremost enabler in creating an environment towards paperless trade.
In India, it is a declared policy to share data between customs, central excise, service tax and direct taxes and Shah also stressed the importance of cooperation between customs and tax authorities recommending collaboration among these training institutions.