00:00I propose many measures for custom processes to have minimal intervention for smoother and faster movement of goods and greater certainty to the trade.
00:11Trust-based systems. I propose to enhance duty deferral period for Tier 2 and Tier 3 authorized economic operators, known as AEOs, from 15 days to 30 days.
00:25I propose to provide eligible manufacturer-importers the same duty deferral facility. This should encourage them to get themselves accredited as a full-fledged Tier 3 AEO in due course.
00:41To provide greater certainty and for better business planning, I propose to extend validity period of advanced ruling binding on customs from the present three years to five years.
00:56In the spirit of the whole of government approach, government agencies will be encouraged to leverage AEO accreditation for preferential treatment in clearing their cargo.
01:15Regular importers with trusted long-standing supply chains will be recognized in the risk system so that the need for verification of their cargo every time can be minimized.
01:28Export cargo using electronic sealing will be provided through clearance from the factory premises to the ship.
01:45For import of goods not needing any compliance, filing of bill of entry by a trusted importer, an arrival of goods will automatically notify customs for completing their clearance formalities.
01:59This will enable goods to be released immediately on arrival.
02:03The customs warehouse framework will be transformed into a warehouse operator-centric system with a self-declarations, electronic tracking, and risk-based audit.
02:14These reforms will move away from the current system of officer-dependent approvals and reduce transaction delays and compliance costs.
02:26Ease of doing business.
02:30Approvals required for cargo clearance from various government agencies will be seamlessly processed through a single and interconnected digital window by the end of the financial year.
02:44However, processes involved in clearance of food, drugs, plant, and animal and wildlife products accounting for about 70% of interdited cargo will be operationalized on this system by April 2026 itself.
03:03For goods not having any compliance requirement, clearance will be done by customs immediately after online registration is completed by the importer subject to the payment of duty.
03:18Customs integrated system will be rolled out in two years as a single integrated and scalable platform for all customs processes.
03:28Utilization of non-intrusive scanning with advanced imaging and AI technology for risk assessment will be expanded in a phased manner with the objective to scan every container across all the major ports.
03:48New export opportunities to support Indian fishermen to fully harness the economic value of marine resources beyond our territorial waters.
04:01The following measures will be taken.
04:04A fish catch by an Indian fishing vessel in exclusive economic zone or on the high seas will be made free of duty.
04:15Landing of such fish on foreign port will be treated as export of goods.
04:25Safeguards will be put in place to prevent misuse during fish catch, transit or transshipment.
04:32To support aspirations of India's small businesses, artisans and start-ups to access global markets through e-commerce,
04:42I am pleased to announce complete removal of the current value cap of 10 lakh rupees per consignment on poor-year exports.
04:51In addition, handling of rejected and returned consignments will be improved with effective use of technology for identifying such consignments.
05:04I propose to revise provisions governing baggage clearance during international travel to address genuine concerns of passengers.
05:14The revised rules will enhance duty-free allowances in line with the present-day travel realities and provide clarity in temporary carriage of goods brought in or taken out.
05:27There are honest taxpayers who are willing to settle disputes by paying all their dues.
05:34But they get deterred due to negative connotation associated with penalty.
05:40They will now be able to close cases by paying an additional amount in lieu of penalty.
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