• India
  • Apr 29

Cabinet approves signing pact with UK for info sharing, prevent customs offences

• The Cabinet has approved the signing of an agreement between India and the UK on Customs cooperation and mutual administrative assistance.

• The agreement will help in availability of relevant information for the prevention and investigation of Customs offences.

• It is also expected to facilitate trade and ensure efficient clearance of goods traded between the countries.

The agreement will provide a legal framework for:

• Sharing of information and intelligence between the Customs authorities of the two countries.

• Help in the proper application of Customs laws.

• Prevention and investigation of Customs offences and the facilitation of legitimate trade.

• The draft text of the proposed agreement has been finalised with the concurrence of the two Customs Administrations.

• The agreement takes care of Indian Customs’ concerns and requirements, particularly in the area of exchange of information on the correctness of the Customs value, tariff classification and origin of the goods traded between the two countries.

Manorama Yearbook app is now available on Google Play Store and iOS App Store

Related Topics