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Govt to plug holes in online payment

Plans to boost exports by taking this initiative

Policy Pulse
Publish Date: Apr 12 2016 11:41AM | Updated Date: Apr 12 2016 2:59PM

Govt to plug holes in online payment

 The government plans to boost exports by plugging loopholes in online payment of customs duty and ensuring round-the-clock customs clearance at ports and airports. This will also help India fulfil its commitments under the World Trade Organisation's Trade Facilitation Agreement, officials said. 

"We want to reduce transaction costs because exports have been declining. One such way is to streamline existing procedures through better coordination between various agencies...we have to think out of the box," said one of the officials, who did not wish to be named. "We should use the Trade Facilitation Agreement to promote exports," he said. 
The commerce department plans to extend the timings of customs clearance at ports and airports so as to reduce congestion during peak hours of 2-6 pm."Even though there is 24x7 customs clearance, it has not completely taken off because of lack of coordination between customs and CISF. We will have to sort out traffic restrictions on truck movements to avoid delays in exports," the official said.