इंडियन आवाज़     27 Sep 2023 11:04:54      انڈین آواز

India appoints FICCI as national guaranteeing association for TIR system

FICCI

By Kushal Jeena /NEW DELHI

The Central government has appointed Federation of Indian Chambers of Commerce and Industry, FICCI, as guaranteeing association for the operation of TIR system in the country to facilitate free movement of goods under customs control across international border, without any cross border check.

Known as Transports Internationaux Routiers or international Road Transport, TIR is governed by the UN TIR Convention and is overseen by the UN Economic Commission for Europe. International Road Transport Union, Geneva manages the system.

“The TIR system plays an important role in facilitating cross border trade flow, adding considerable value to improving regional trade mechanisms. Globally, the TIR system has been a successful model for reducing trade transaction costs and facilitating higher growth of intra-regional and inter-regional trade,” said Sandeep Kumar, commissioner (Customs & EP), , Central Board of Excise and Customs under the finance ministry, told a select group of media.

He said the TIR system is the most broadly used international customs transition system, which facilitates seamless movement of goods with and amongst the contracting parties including India.

Known as Transports Internationaux Routiers or international Road Transport, TIR is governed by the UN TIR Convention and is overseen by the UN Economic Commission for Europe. International Road Transport Union, Geneva manages the system.

India acceded to this convention on June 15, 2017.

FICCI, an apex Indian trade body is already functioning as national guarantor for the operation of ATA Carnet System India. Kumar hailed government’s decision to sign the convention and appoint FICCI as national guarantor. It operates under international customs conventions administered worldwide by the World ATA Carnet Council in association with World Customs Organization.

Currently, 77 countries including India are part of ATA Carnet.

A FICCI statement says the organization has been backing this system since 1989, providing immense support to the industry while securing government’s revenue. A large number of Indian exporters are benefited and a number of ATA Carnets were issued by FICCI contributing to the growth of exports from India.

Leave a Reply

Your email address will not be published.

خبرنامہ

سرکار دو عالم ﷺ کی شخصیت سراپا رحمت ہے

ڈاکٹر محمد نجیب قاسمی سنبھلی سارے نبیوں کے سردار حضور اکرم ...

نوح فسادمیں ملزم بنایاگیاایک اوربے گناہ ضمانت پر رہا

مولانا ارشدمدنی کی ہدایت پر جمعیۃعلماء ہند کی قانونی امدادک ...

ویلفیئر پارٹی آف انڈیا کا کنور دانش علی سے اظہار یکجہتی

قومی صدر ڈاکٹر قاسم رسول الیاس نے کی ملاقات- نئی دہلی، و ...

MARQUEE

World Tourism Day 2023: Govt Launches ‘Travel for LiFE’ Campaign

By Vinit Wahi On the occasion of World Tourism Day 2023 today, the Ministry of Tourism (Northern Region) u ...

Santiniketan inscribed on UNESCO World Heritage List

AMN / WEB DESK Santiniketan, the famed place where great poet Rabindranath Tagore built Visva-Bharati over ...

Bindeshwar Pathak; India’s Toilet Crusader

Obituary Pathak stood as a beacon of hope for countless individuals across India. His pioneering efforts i ...

MEDIA

Grand arrangement for media to cover G 20 Summit

ANDALIB AKHTER FROM G20 MEDIA CENTRE The rising power of India can be sense in the G 20 Summit as around 10 ...

Dr. Vasudha Gupta assumes charge as Principal DG of Akashvani and NSD

Senior Indian Information Service officer Dr. Vasudha Gupta has assumed charge as the Principal Director Gener ...

SCIENCE / TECHNOLOGY

ISRO prepares to revive Chandrayaan 3’s Lander and Rover on Moon from sleep during lunar sunrise

AMN Indian Space Research Organisation is set to establish contact with Chandrayaan 3 Lander and Rover whi ...

ISRO successfully performed a key manoeuvre of its solar mission Aditya-L1

AMN / WEB DESK Indian Space Research Organisation (ISRO) today successfully performed a key manoeuvre of it ...

@Powered By: Logicsart