NEW DELHI: While appreciating the elimination of physical documents for customs clearance, Mr. Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry said that this is a great move and it will boost the sentiment of the exporters and importers and foster ease of doing business at ground.
The submission of paper documents such as GAR 7 forms / TR 6 Challans, Trans-Shipment Permit (TP), Shipping Bill (exchange control copy and export promotion copy) and Bill of entry (exchange control copy) to Banks/DGFT/Customs ports etc. has been completely eliminated, and will become operational from December 1, 2016.
India ranked 143rd on trading across border parameter in the ease of doing business ranking 2017. With the implementation of this move, we expect a significant improvement in India’s ranking in ease of doing business going forward, said Mr. Gopal Jiwarajka
India’s exports grew by 9.59% during October 2016 with the various drastic reforms undertaken by the Government. We look forward for the continuity in the performance of exports further added Mr. Gopal Jiwarajka.
Source: Dailyshippingtimes.com
