CBEC join hands with Ficci for TIR system's smooth implementation
5 Dec 2017 5:24 PM GMT
New Delhi: Sandeep Kumar, Commissioner (Customs & EP), Central Board of Excise & Customs (CBEC) & Dr Sanjaya Baru, Secretary General, FICCI interacted with the participants of a press meet organized by FICCI in association with CBEC and IRU to discuss the benefits and smooth implementation of TIR System in India.
Making his welcome address, Dr Sanjaya Baru talked about the benefits of TIR system and said, "TIR plays an important role in trade facilitation and has been a successful model for reducing trade transaction costs and facilitating higher growth of intra-regional and inter-regional trade."
He further stated that based on FICCI's vast experience on ATA Carnet management, CBEC has chosen FICCI as the National Guaranteeing Association for the operation of TIR System in India. It's a proud moment for FICCI and will be committed to work towards smooth and successful implementation of the system in India.
He also mentioned that given the significance of TIR in boosting regional connectivity, and India's accession to the convention, it is recommended for other BBIN countries to opt for TIR to improve the effective transit procedures among the four countries and by connecting the BBIN (Bangladesh, Bhutan, India and Nepal) region to other world markets. FICCI will extend its maximum support to CBEC to help other BBIN countries to accede to the convention and reap the benefits.
In his special address, Sandeep Kumar said that "The Government is looking at very active participation by the business sector to be able to use this particular convention that India has acceded to. Further he stated that the accession process will be completed on 16th December 2017 and planning to ship out first containers from Nhava Sheva to Russia via Iran under TIR by early January 2018"
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